Jul 2025 Financial News

Unilever Caribbean Limited - Notice of Separation of Global Ice Cream Business

Jul 08, 2025

NOTICE TO SHAREHOLDERS
Pursuant to Section 64(1)(b) of the Securities Act, 2012
 

Following completion of a strategic review, the Unilever Group announced its intention to separate its global Ice Cream Business, which includes, among others, the ice cream brands Ben & Jerry's, Breyers, Klondike, Magnum and Wall's. On July 1, 2025, the Board of Directors of Unilever Caribbean Limited ("UCL") approved the sale and transfer of the local Ice Cream Business along with all necessary steps to effect the separation of the local Ice Cream Business under its control.

Effective July 1, 2025, the local Ice Cream Business was transferred to a newly incorporated ice cream holding company, establishing a dedicated ice cream entity within the Unilever group.

As part of the transfer, UCL relinquished all rights and interests in assets related exclusively to the local Ice Cream Business. These include goodwill, locally owned unregistered intellectual property rights, rights under intellectual property contracts, domain names and social medial accounts.

UCL will provide certain intercompany services to the new ice cream entity for a defined transitional period.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 8th July 2025