Unilever - Separating Ice Cream, more restructuring
Unilever announced to separate Ice Cream in order to accelerate its Growth Action Plan. It also announces a new restructuring plan.We welcome the separation, but regret more restructuring charges. We also would have liked Unilever to step up its growth ambitions.We maintain our Hold rating.Unilever is engaged in the supply of consumer goods in foods, household care and personal products. Co.'s activities are carried out through four categories: Personal Care, sales of skin care and hair care products, deodorants and oral care products; Home Care, sales of home care products, such as powders, liquids and capsules, soap bars and a range of cleaning products; Foods, sales of soups, bouillons, sauces, snacks, mayonnaise, salad dressings, margarines and spreads; and Refreshment, sales of ice cream and tea-based beverages. Co.'s products are sold in over 190 countries around the world.
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