CEO Hein Schumacher said the company plans to cut down some brands in its foods division, though it won't be spinning off the business. Schumacher has identified several food brands to "prune" that have about £1bn in sales,

Unilever has shelved plans to run a sales process for its €15bn ice-cream division to private equity groups and will instead focus on a push to spin-off the unit in an independent listing. The consumer goods group announced in March that it would split off its ice-cream business,

"Unilever scales back job cuts and shifts roles to ice cream" was originally created and published by Just Food, a GlobalData owned brand.

Unilever (NYSE:UL) has axed a plan to sell its €15bn ice-cream business to private equity and will focus on a spin-off of the unit. Unilever ADRs fell almost 1%. Private equity interest in the division,

Unilever has refused to be drawn on speculation the FMCG giant has cemented a plan to spin-off ice cream rather than pursue a sale. While a “demerger” of ice cream into a separate listed entity had previously been touted by CEO Hein Schumacher as the preferred or most likely option,