The Latest Breaking News from Unilever

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Unilever is looking to unload its low-growth, low-profit ice cream business. It is the largest in the world, with a 20% market share - more than double its nearest competitor - and should generate around $17 billion for the company. What else does new CEO Hein Schumacher have to unveil…

To Unilever now, where the consumer giant this week unveiled plans for a whopping 7,500 job cuts. On the same day, the company said it was mulling spinning off its ice cream division, presumably to distract from the layoffs the same way shouting “look, ice cream!” distracts a toddler.

Unilever’s split from its ice cream division shows market share and market power are very different concepts.

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Unilever has unveiled plans to part ways with its ice cream unit.

Unilever to spin off ice cream brands like Ben & Jerry's to focus on growth in other categories, streamlining operations by cutting jobs.

Shareholders may welcome the change in direction, but the chief executive’s predecessors used similar tactics

Wall Street's reacted fairly positively to the news so far.