Unilever's Demerged Ice Cream Arm Ready to Start Trading Following Government Deep Freeze
Unilever's spun-off ice cream business, led by Magnum, will start trading next week in Amsterdam, London, and New York after a U.S. government delay. The demerger completes on Saturday, with Unilever retaining a 20% stake. The unit, including brands like Ben & Jerry's, is expected to grow 3-5% annually from 2026 and capture over 20% of the $88 billion global ice cream market.
Shares in consumer goods giant Unilever (UL) were higher today as it confirmed that its spun-off Magnum-led ice cream business will start trading next week following a U.S. government driven delay.
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Serving up Sales
Unilever said the demerger of the Magnum Ice Cream Company would complete on Saturday and it will start trading Monday in Amsterdam – its main listing – as well as in London and New York.
Unilever has previously said that it expects the unit will see average organic sales growth of between 3% and 5% in the medium term from 2026.
Indeed, Unilever expects the unit, which includes brands such as Magnum, Ben & Jerry's and Wall's, to command just over a fifth of the around $88 billion global ice cream market.
The ice cream business, which includes four of the world's top five brands, generated 7.9 billion euros ($9.3 billion) in revenue in 2024 and 1.2 billion euros of adjusted EBITDA.
Unilever will retain a 20% stake in the new company.
