London CNN —The world’s biggest ice cream business is about to go it alone.
The newly minted firm will boast five of the 10 best-selling ice cream brands worldwide, namely Magnum, Ben & Jerry’s, Breyers, Walls and Cornetto.
“The future growth of Unilever and ice cream is best served by separating the business,” Unilever CEO Hein Schumacher told journalists.
Philippe Wojazer/ReutersThe origins of Unilever’s ice cream business can be traced back to the summer of 1913, when Thomas Wall started selling ice cream from his family butcher shop in London.
But its ice cream sales took a hit last year as cash-strapped consumers cut back on non-essential spending.
Persons:
Jerry’s, “, Hein Schumacher, ” Schumacher, Miko Carte, Philippe Wojazer, Thomas Wall, Matt Britzman, Hargreaves, ”, —, Schumacher
Organizations:
London CNN, Unilever, ” Employees, Schumacher
Locations:
Saint, France, London, €