Unilever(UK)(US:UL) Mei Ri Jing Ji Xin Wen·2025-10-27 14:06Core Insights - Unilever is undergoing significant changes in its business and organizational structure, including plans to spin off its ice cream business and leadership changes [1][5][7] Financial Performance - In Q3 2025, Unilever reported sales of €14.7 billion, a year-on-year decline of 3.5%, while underlying sales grew by 3.9% [1][2] - For the first three quarters of 2025, total sales reached €44.8 billion, down 3.3% year-on-year [2] - All five business segments experienced a decline in sales, with the largest drop in home care at 5.3% and ice cream at 4.2% [2] - The Asia-Pacific and Africa regions saw a 6.8% increase in underlying sales, with China and Indonesia returning to growth [2][3] Ice Cream Business Spin-off - The ice cream business is set to be spun off into a separate entity, Dream Ice Cream Company, with a projected revenue of €7.9 billion for 2024 and a 21% market share in the global retail market [3][4] - The spin-off was initially planned for mid-November 2025 but has been delayed due to external factors [5][6] Leadership Changes - Fernando Fernandez became CEO on March 1, 2025, with Srinivas Patak appointed as CFO in September [7] - The company plans to rotate 25% of its top 200 leaders to align with market standards [7][8] - Unilever has initiated a global workforce reduction, aiming to cut approximately 7,500 positions over three years, with 6,000 already eliminated by Q1 2025 [7]