Unilever is considering a sale of some of its ice-cream businesses that could reach $3 billion, according to a report in Bloomberg.
Citing confidential company sources, Bloomberg reported that Unilever is working with advisers to look into divesting ice cream brands including Breyers and Klondike. But Ben & Jerry’s and Magnum, two of the higher-end, more internationally known brands, are reportedly off the table.
Divesting some of Unilever’s ice-cream business would fit the strategy of CEO Alan Jope to disentangle the company from its unhealthiest products. But a complicating factor in any deal is that its higher-end brands are often produced in the same processing plants as the ones that Unilever might sell, making it hard for a potential buyer to separate out production. Another is that Jope plans to retire at the end of 2023, leaving a successor to deal with the fallout from any decision made about the ice-cream business.