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Citi has kept faith with Unilever PLC (LSE:ULVR) despite a tricky near-term outlook, reiterating its “buy” rating and £52 target price even as it warns that third-quarter growth may leave investors underwhelmed. The broker expects underlying sales growth of 3.6% in the quarter, dented by headwinds in goods and services tax changes and in Latin America.
Unilever's Magnum ice cream business, set to publicly list in November, plans to use Chilean start-up NotCo's artificial intelligence to reformulate products and create new ones.
Ben & Jerry's cofounder Jerry Greenfield is leaving the ice cream brand. Greenfield said he had experienced pushback from parent company Unilever on the brand's advocacy on social issues.
Jerry Greenfield leaves Ben & Jerry's as tensions with Unilever escalate over the ice cream brand's position on Gaza and accusations of being silenced.
Jerry Greenfield has stepped down from the ice cream maker after nearly 50 years. Greenfield dubbed the decision "painful," but said that the Unilever had silenced the company's ability to speak up on global issues.
Unilever PLC (LSE:ULVR) ice cream brand Ben & Jerry's co-founder Jerry Greenfield has left the company over the loss of independence imposed by its FTSE 100-listed parent. Greenfield said in a letter that he was quitting as Unilever put a halt to its social activism, which seemed to come a head in 2021 when the brand said it would stop selling in Israeli settlements in the occupied West Bank a...
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