Unilever to divest its ice cream unit, including Ben & Jerry's; Stocks pop 5%

Ben & Jerry's Ice Cream on May 24, 2022.

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Shares of consumer goods giant Unilever rose more than 5% on Tuesday after the company announced plans to split its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restructuring affecting 7,500 jobs.

“The proposed changes are expected to affect 7,500 mainly office-based roles worldwide, with total restructuring costs of approximately 1.2% of group turnover over the next three years (up from 1% of group revenue previously reported),” it said in a statement.

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