食品内参 作者 | 木木 编辑 | 枳子 来源 | 快消 联合利华（Unilever）正式完成了旗下冰淇淋业务的分拆独立，成立"梦龙冰淇淋公司"（The Magnum Ice Cream Company），并于当地时间本周一在阿姆斯特丹上市。伴随着此次拆分上市，联合利华这家庞大的消费品公司也开 始"瘦身健体"，聚焦主营业务，以期提振业绩增长。 增长瓶颈 对联合利华而言，此次拆分，似乎来得格外及时。 过去两年，联合利华冰淇淋部门年均销售增长不到3%，显著落后于同期美容与健康部门7%以上的增速。对于一个占 集团销售约16%的板块，这无疑拖累了整体业绩。相比之下，联合利华近年来更看重的美容个护等品类增长迅猛，冰 淇淋业务显得"又慢又重"。 其次，运营模式迥异也让冰淇淋板块在集团中显得格格不入。冷链运输、高度季节性和资本密集型特征，使冰淇淋业 务与联合利华其他主营（如个人护理、家庭清洁等）难以形成协同效应。 正如联合利华公告所言，冰淇淋有着截然不同的供应链和销售渠道，需要冷冻保存、淡旺季明显、需重资产投入。换 言之，卖冰淇淋的很难和卖洗发水、肥皂的跑在同一条赛道上。 此外，冰淇淋业务近年来还给联合利华平添不少"麻烦" ...

联合利华（Unilever）正式完成了旗下冰淇淋业务的分拆独立，成立"梦龙冰淇淋公司"（The Magnum Ice Cream Company），并于当地时间本周一在阿姆斯特丹上市。 伴随着此次拆分上市，联合利华这艘庞大的消费品公司也开始"瘦身健体"，聚焦主营业务，以期提振业绩增长。 增长瓶颈 对联合利华而言，此次拆分，似乎来得格外及时。 过去两年，联合利华冰淇淋部门年均销售增长不到3%，显著落后于同期美容与健康部门7%以上的增速。对于一个占 集团销售约16%的板块，这无疑拖累了整体业绩。相比之下，联合利华近年来更看重的美容个护等品类增长迅猛，冰 淇淋业务显得"又慢又重"。 对联合利华而言，剥离梦龙冰淇淋业务标志着公司战略重心的明确转移。拆分完成后，联合利华将从原来的五大业务 板块收缩为四大板块：美妆与健康、美容个护、家庭清洁和营养食品。 冰淇淋作为一个高销量低增长的板块退出集团版图，联合利华的整体增长曲线有望变得"陡峭"一些。 梦龙上市 实际上，联合利华的冰淇淋业务拆分酝酿已久，只是过程颇为曲折。 去年底，公司将冰淇淋部门重组为独立实体，并于今年7月起开始独立运营。根据联合利华彼时披露的时间表，拆分交 易 ...

Core Insights - The cosmetics industry is experiencing a significant downturn, with many brands being sold or shut down rather than achieving sales success during promotional events [1][22] - Over 50 beauty brands have been categorized as "abandoned" this year, with notable examples including L'Oréal, Estée Lauder, and Unilever [1][5] - The trend indicates a shift from large-scale brand coverage to a focus on optimizing brand portfolios among international beauty giants [8][13] Brand Sales and Closures - International beauty giants have sold over 30 brands this year, including Unilever's sale of the high-end skincare brand CeraVe and Kering's sale of its beauty division to L'Oréal for €4 billion (approximately ¥331.96 billion) [3][5] - The majority of these "abandoned" brands were acquired at high valuations between 2014 and 2020, with some, like Avon, being sold for $3.7 billion (approximately ¥263.45 billion) after struggling to perform [6][7] - In 2025 alone, 16 international brands have been shut down due to operational difficulties and strategic misalignment, with L'Oréal closing three brands [14][18] Reasons for Brand Abandonment - The primary reasons for brand sales include the need for international beauty companies to streamline operations and focus on profitable segments, as seen with Unilever's efforts to make CeraVe profitable [7][18] - Many brands are facing challenges such as declining performance, increased marketing costs, and the inability to adapt to market demands, leading to closures [21][27] - The trend of brand closures is not limited to international brands; domestic brands are also facing similar pressures, with eight brands shutting down in 2025 due to strategic adjustments and profit pressures [23][26] Market Trends and Future Outlook - The industry is witnessing a shift towards strategic restructuring and value rediscovery rather than mere expansion, indicating a potential ongoing consolidation phase [13][32] - The focus is now on leveraging technology and innovation to create competitive advantages, with companies encouraged to find niche markets and enhance product offerings [31][32] - The ongoing challenges suggest that the beauty industry will continue to experience a wave of brand eliminations, with survival dependent on strategic adaptability and resource management [22][32]

Core Viewpoint - Unilever PLC has implemented a reverse stock split as part of its strategy to streamline operations and enhance shareholder value, coinciding with a significant increase in its share price following the demerger of its ice cream division [1][5]. Group 1: Reverse Stock Split - The reverse stock split occurred on December 9, 2025, exchanging 9 shares for every 8 shares previously held [1][5]. - This move is aimed at improving operational efficiency and increasing shareholder value [1][5]. Group 2: Share Price Movement - Following the reverse stock split, Unilever's share price rose nearly 13% in early trading [2][5]. - The current stock price is $64.49, reflecting an increase of 16.62% with a change of $9.19 [4][5]. - Over the past year, the stock has fluctuated between a high of $65.66 and a low of $54.32 [4]. Group 3: Share Structure Post-Consolidation - Post-consolidation, Unilever has over 2.2 billion ordinary shares in issue, with approximately 2.18 billion carrying voting rights [3][5]. - Some investors' shareholdings did not convert neatly under the new ratio, and Unilever plans to pool these fractional shares and sell them in the market, returning the net cash proceeds to shareholders [3].

Unilever is allocating about 1.5 billion euros ($1.74 billion) a year for mergers and acquisitions, focusing heavily on deals in the United States, CEO Fernando Fernandez said on Tuesday. ...

Core Insights - Bolt Insight, a consumer insight platform, has raised £7 million in funding to support its expansion, with Pembroke VCT leading the round [1][2] - The platform utilizes AI-enabled workflows combined with human researchers to conduct qualitative studies rapidly, allowing real-time consumer engagement [2] - The company aims to enhance its global presence in a market valued at approximately $153 billion [4] Company Overview - Bolt Insight was co-founded by Hakan Yurdakul, a former Unilever executive with 14 years of experience in brand strategy, and Kerem Turgay, the chief technology officer [3] - The company has conducted interviews with over 5 million consumers and collaborated with more than 150 brands to date [3] Funding Details - The funding round included participation from investors such as 212, Active Partners, Velocity, and TIBAS Ventures [2] - Pembroke VCT contributed half of the total capital raised in this funding round [1] Market Position - The funding will be directed towards expanding BoltChatAI, reinforcing the company's position in the global insights market [4] - The CEO of Pembroke Investment Managers highlighted Bolt Insight as a prime example of how AI can transform traditional industries by integrating consumer feedback into decision-making processes [6]

-投资动态- Iris Ventures领投护肤品牌Innerskin 近日，全球消费增长型投资机构Iris Ventures，以1500万美元领投护肤品牌Innerskin。此次募集资金将用于扩展 Innerskin在欧洲的诊所网络，并推出面部及 身体护肤系列产品。 Innerskin成立于三年前，目前在法国已开设19家中心，专注于皮肤健康和个性化预防性治疗。品牌还推出了一系列医学级标准的产品，这些产品通过独特 的配方模拟手动护肤治疗效果，如微针疗法等。（WWD） 小编评： 值得注意的是，这笔融资是欧洲医美领域少见的超大A轮融资，Innerskin有望借此成为跨区域连锁的新标杆，并带动更多基金跟进类似重资产、高复购的 医美连锁项目。 近期，韩妆独角兽企业Goodai Global Inc已完成8000亿韩元（约合6亿美元）的融资，公司最新估值4万亿韩元（约合31亿美元）。值得注意的是，协议条 款包含 Goodai Global 需在三年内完成上市的约定。 此次融资的投资方为私募基金IMM与另外五家韩国私募基金。资金用于支持Goodai Global以7500亿韩元的价格收购两家韩国独立化妆品品牌，分别是韩 ...

Market Overview - Wall Street experienced a relatively quiet trading day with modest declines in major indices: Dow Jones down 0.45%, S&P 500 down 0.35%, and Nasdaq down 0.14% [2][3] Top Stock Gainers - Confluent (CFLT) saw a significant increase of 29.08% following IBM's announcement to acquire the company for $31 per share, valuing it at $11 billion [5][6] - Wave Life Sciences (WVE) surged by 146.13% after reporting positive trial results for its obesity treatment WVE-007, which showed improvements in body composition and a favorable safety profile [7] Top Stock Losers - Unilever (UL) shares fell by 7.11% due to the spinoff of its Magnum Ice Cream unit, which began trading independently, affecting the eligibility of new Unilever shareholders for Magnum shares [8][9] - Air Products and Chemicals (APD) dropped over 9% amid concerns regarding a potential partnership with Yara International, with investors worried about the capital requirements impacting the company's balance sheet [9]

来源：滚动播报 （来源：新消费日报） 文 /赵昊 梦龙原计划提前一个月上市，但因美国联邦政府停摆而推迟。公司计划借助独立身份专注提升增长，此 前它曾是联合利华中盈利能力最低的业务。 去年，联合利华决定剥离冰淇淋业务，以简化公司结构并重振增长。该业务曾短暂被考虑出售给私募股 权，但联合利华最终选择三地同时分拆上市。 梦龙首席执行官Peter ter Kulve在开盘前接受采访时表示："我们的使命非常明确：过去的增长速度不 够。需要再快1%到2%，而盈利能力也低了400至500个基点。" 梦龙股价变化不大反映投资者普遍接受该公司约79亿欧元的市值。与联合利华不同，梦龙预计不会被纳 入英国富时100指数和欧洲斯托克50指数，这意味着跟踪这些基准的基金将被迫卖出股票。 摩根大通分析师Pankaj Gupta上月在一份报告中写道，指数调整预计将导致约3000万股梦龙被卖出。文 件显示，公司发行在外的股票总数约为6.123亿股。 Degroof Petercam分析师Fernand de Boer表示："梦龙通过让估值更具吸引力，可以吸引更多看重中期增 长故事的投资者，同时减轻被动卖出的压力。" 数据显示，梦龙冰淇淋公司 ...

Core Insights - Magnum Ice Cream Company, the largest standalone ice cream business globally, debuted on the Amsterdam stock exchange with an opening stock price of 12.20 euros, slightly below the reference price of 12.80 euros [1][2] - The company aims to be more agile, focused, and ambitious as an independent entity, according to CEO Peter ter Kulve [2] - Unilever's decision to spin off its ice cream division, which includes brands like Ben & Jerry's and Magnum, was influenced by investor pressure for a business overhaul [3] Financial Performance - The ice cream division generated 7.9 billion euros (approximately $9.2 billion) in revenue in 2023, indicating strong financial performance that supports the rationale for its independence [3]