Unilever vend Ben & Jerry's et Magnum, prévoit 7.500 licenciements

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La grande entreprise britannique spécialisée dans l'hygiène et l'alimentation, Unilever, prévoit de se séparer de sa division de glaces, comprenant des marques renommées telles que Ben & Jerry's ou Magnum, dont les ventes ont été décevantes l'année dernière. - L'info en continu  https://buzzplus.fr/ Infos, news & actualités - L'information internationale en direct.

Transcript

00:00 The UK-based food and hygiene company Unilever

00:04 plans to separate itself from its ice division,

00:07 including renowned brands such as Ben & Jerry's and Magnum,

00:10 whose sales were down last year.

00:12 It wants to increase its margins thanks to an economic plan

00:15 that plans to remove 7,500 jobs.

00:18 A split of the ice division with separate stock exchange quotations

00:22 is the most likely way to split,

00:24 but other options will be considered to maximize returns for shareholders,

00:28 as Unilever said in a statement.

00:30 Unilever hopes to generate savings of around 800 million euros

00:34 over the next three years

00:35 and its restructuring should have an impact on around 7,500 jobs

00:39 in the world of state-owned enterprises.

00:41 The expected reduction in jobs corresponds to nearly 6% of the employees.

00:45 These proposals will be the subject of a consultation,

00:49 as Unilever specifies,

00:50 which indicates that its cost of restructuring will reach around 1.2%

00:53 of its turnover over the next three years,

00:56 a slight increase compared to previous projections.

00:58 Unilever is therefore planning to boost its growth and margins

01:02 as part of a strategic plan unveiled in October

01:04 to boost its performance.

01:06 Since its arrival at the head of the company in July,

01:09 CEO A. Schumacher has taken decisive measures,

01:12 launching a 1.5 billion euro share buyback last month

01:16 and committing to accelerating the growth of margins.

01:18 In a context of inflation following the pandemic and the war in Ukraine,

01:22 Victoria Scholar, an analyst at Interactive Investor,

01:26 Unilever, also known as Savondov,

01:29 deodorants based on Knorr soups,

01:31 have been hitting the market since months ago.

01:34 The group had nevertheless warned this summer

01:37 that prices would drop.

01:39 Ice in the balance sheet

01:41 Investors applauded Tuesday's announcements

01:44 and the group's share price climbed from 3.76% to 3,955 pence

01:48 on Tuesday around 10 am GMT at the London Stock Exchange.

01:50 These announcements would have been influenced

01:53 by the activist investor of the American billionaire Nelson Peltz,

01:56 who has been in the board of directors since 2022

01:59 and has not made any similar changes

02:01 to Unilever's rival Procter & Gamble,

02:03 says Mrs. Scholar.

02:05 The group had explained last year

02:07 that it wanted to focus on 30 leading brands

02:09 which jointly represent 70% of the group's revenues

02:12 and aimed at an organic growth of a 3 to 5% turnover.

02:16 The group saw its net profit fall by 15% last year.

02:20 Under pressure to improve performance,

02:23 Mr. Schumacher had praised last month

02:25 the fact that the margins are beginning to reconstitute

02:27 but judged that the group's competitiveness remained disappointing.

02:30 Unilever's ice division

02:33 made a turnover of €7.9 billion in 2023.

02:37 According to Matt Britsman,

02:39 an analyst at Hargreaves Lansdowne,

02:41 ice has always seemed to be lagging

02:43 compared to other products,

02:44 with difficult performance in recent times.

02:47 It has distinct characteristics

02:49 compared to other operational activities,

02:52 says Unilever,

02:53 citing in particular a supply chain

02:55 and sales points that take charge of frozen products

02:58 or even greater seasonality.

03:00 Unilever, which hopes to finalize its split by the end of 2025,

03:04 had also been marked in 2021

03:06 by a dispute with its American subsidiary Ben & Jerry's,

03:09 which estimated that the sale of its ice

03:11 in the Israeli colonies in West Jordan and East Jerusalem

03:14 was not compatible with its values,

03:16 a conflict resolved in December 2022

03:18 by a confidential agreement.

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