由于美国联邦政府持续"停摆"，联合利华冰淇淋业务分拆时间表被迫作出调整。对此，联合利华在10月 23日发布的最新财报中重申，公司有信心在2025年完成此次分拆。 根据联合利华此前公告，其冰淇淋业务已更名为"梦龙冰淇淋公司（Magnum Ice Cream Company N.V.）"，并计划在阿姆斯特丹、伦敦、纽约独立上市。数据显示，梦龙冰淇淋公司是全球最大的冰淇 淋公司，市场份额为21%。在中国市场，梦龙公司份额排名第二，落后于伊利。目前，联合利华已退出 其在华冰淇淋运营主体——和路雪（中国）有限公司股东行列，后者控股股东已变更为梦龙投资（上 海）有限公司，该公司注册资本近期增加约16亿元。 中国冰淇淋市场发生的一系列变革，将给梦龙公司尤其是对其高端产品组合在华经营提出新课题。 联合利华宣布调整梦龙冰淇淋公司分拆时间表。 联合利华官网截图 中期目标展望 梦龙冰淇淋公司的成立，标志着世界最大的冰淇淋公司就此诞生。 资料显示，梦龙冰淇淋公司业务规模达到83亿欧元，拥有1.9万名员工，产品遍及76个国家和地区。在 全球十大畅销冰淇淋品牌中，梦龙公司占据5个，包括和路雪（Wall's）、梦龙（Magnum）、Ben ...

从计划拆分冰淇淋业务独立上市，到首席执行官（CEO）、首席财务官（CFO）换人，再到新CEO宣称 25%的领导层将轮岗，消费品巨头联合利华正经历着从业务到组织架构的深刻变革。 10月23日，联合利华披露了2025年第三季度财报。第三季度，联合利华实现销售额147亿欧元，同比下 滑3.5%，但基础销售额同比增长3.9%。其中，五大板块业务销售额均出现同比下滑，回暖迹象尚不明 显。 除了关键财务数据，这份财报透露了两大重要信息：一是中国市场基础销售额在第三季度重回增长，而 该指标在今年一季度和上半年均出现下滑，这一表现也与联合利华此前多次预期一致；二是冰淇淋业务 独立拆分计划仍预计在2025年完成。此前联合利华计划在11月中旬完成冰淇淋公司的拆分上市，但由于 一些原因在近期宣布时间表正在调整。 三季度销售承压，中国市场关键指标重回增长 财报显示，第三季度，联合利华销售额为147亿欧元，同比下滑3.5%；前三季度，公司实现销售额448 亿欧元，同比下滑3.3%。 分业务板块来看，第三季度，家庭护理业务销售额下滑幅度最大，同比下滑5.3%；其次是冰淇淋业 务，同比下滑4.2%；美妆与健康业务、食品业务销售额均同比下滑 ...

Ice Cream Industry Performance - The ice cream industry has experienced significant growth, with Mengniu's ice cream business revenue increasing by 15.04% year-on-year to 3.879 billion yuan in the first half of the year [1] - Yili's cold drink revenue saw a remarkable growth of 37.96%, reaching 4.124 billion yuan during the same period [1] Dream Ice Cream Company Strategy - Dream Ice Cream, spun off from Unilever, reported double-digit sales growth in China for the first half of the year, holding approximately 11% market share, ranking second in the market [2] - The CEO emphasized a high-end product strategy in China, focusing on regional operations and increasing investment in e-commerce channels to compete with strong local players like Yili and Mengniu [2][3] Market Significance and Expansion Plans - The Chinese market is strategically important for Dream Ice Cream, as success in this competitive landscape could lead to success in other markets globally [3] - Dream Ice Cream plans to act as a "disruptor" in the high-end market, promoting its premium product lines and leveraging digital differentiation [3] - The company is also looking to acquire local businesses and expand its footprint by identifying successful innovative products for global scaling [3] Financial Projections - Dream Ice Cream projected a revenue of 7.9 billion euros (approximately 66.6 billion yuan) for 2024, with an adjusted EBITDA of 1.3 billion euros (approximately 11 billion yuan) and a global retail market share of about 21% [3]

Core Insights - The leading snack brand, Hao Xiang Lai, has successfully entered the Taobao Flash Purchase platform, significantly increasing its market reach and sales volume [1][4] - The brand has experienced over 200% growth in order volume for three consecutive months, with online sales of various snack categories reaching new highs [1][4] - The expansion into the 3-5 kilometer market has allowed Hao Xiang Lai to tap into new customer segments, with over 90% of online customers being new users [1][3] Group 1 - Hao Xiang Lai's entry into Taobao Flash Purchase has led to nearly 5,000 stores being connected by the end of July [1] - The brand has optimized its product structure and warehousing strategies to match the instant retail consumption characteristics, with each store offering an average of 1,500 to 2,000 SKUs [3] - Seasonal promotions and scenario-based product combinations have been introduced, such as summer drink packages and autumn snack gift boxes, enhancing conversion rates and brand recognition [3] Group 2 - The rapid development of Taobao Flash Purchase has created significant growth opportunities for brands, with plans for over 15,000 stores to join the platform, covering a wider range of snack categories [4] - The collective entry of snack brands into Taobao Flash Purchase has stimulated demand for leisure snacks, with July seeing triple-digit growth in various snack categories [4] - Since its launch in May, Taobao Flash Purchase has driven a significant upgrade in the consumer platform, with 395 non-food brands achieving over one million in monthly transactions [4]

Core Insights - Unilever reported a 3.2% decline in sales to €30.1 billion for the first half of 2025, with a net profit decrease of 5.1% to €3.8 billion, while maintaining a gross margin of 45.7% [1][3] - Underlying sales growth (USG) for the first half was 3.4%, driven by a 1.5% increase in volume and a 1.9% price increase [1][4] Segment Performance - The Foods segment, which includes brands like Knorr, saw a 1.8% decline in sales to €6.6 billion, but an underlying sales growth of 2.2% [2][3] - The Beauty & Wellbeing segment, including brands like Dove and AHC, experienced a 0.8% sales decline to €6.5 billion, with a 3.7% underlying sales growth [2][3] - Personal Care sales also fell by 5.9% to €6.5 billion, but underlying sales grew by 4.8% [2][3] - Home Care sales decreased by 6.7% to €5.9 billion, with a 1.3% underlying sales growth [2][3] - The Ice Cream segment reported a slight sales increase of 0.2% to €4.6 billion, with a notable underlying sales growth of 5.9% [2][3] Regional Performance - Sales in the Asia Pacific region declined by 4.3% to €12.8 billion, while the Americas saw a 4.9% drop to €10.9 billion; Europe, however, experienced a 2.3% increase to €6.4 billion [5][6] - Underlying sales growth in the Asia Pacific region was the highest at 3.5%, with the Americas showing a 3.0% price increase and Europe achieving a 2.8% volume growth [6][4] Strategic Focus - Unilever is focusing on the Indian market as a key growth area, while also planning to divest assets worth €1.5 billion to €2 billion, emphasizing that these are not fire sales [8][10] - The company aims to enhance its portfolio by increasing investments in beauty and personal care, particularly in high-end and e-commerce segments [10][11] - Recent acquisitions include brands like Wild and Dr. Squatch, which complement Unilever's existing product lines [9][10] Future Outlook - Unilever anticipates a full-year underlying sales growth rate of 3% to 5% for 2025, supported by the performance in the first half [4][8] - The company expects continued improvement in the second half of the year, particularly in the Chinese and Indonesian markets [8][9]

Core Insights - The global largest ice cream company, known for brands like Magnum, Cornetto, and Wall's, has appointed its first leadership team, marking a significant step after its separation from Unilever and ahead of its planned IPO in November 2025 [1][4][13] Leadership Appointments - Peter ter Kulve has been appointed as the CEO of the newly independent Magnum Ice Cream Company, having previously served as the President of Unilever's Ice Cream Division since 2024 [4][6] - Abhijit Bhattacharya has been appointed as the CFO, previously holding the same position in Unilever's ice cream business [6][8] - Jean-François van Boxmeer will serve as the incoming Chairman, bringing extensive experience from his previous roles in the consumer goods sector [9][10] Company Background - The company has a rich history, with ter Kulve joining Unilever's ice cream business in 1988 and having significant experience in the Chinese market, where he doubled the ice cream business size during his tenure [4][6] - Bhattacharya has a notable background in leading major business separations, including the successful spin-off of Philips' healthcare and lighting divisions [8] IPO Plans - The company is set to go public in mid-November 2025, with plans to list on the Amsterdam, London, and New York stock exchanges [13][15] - Unilever will retain just under 20% of the company's shares for up to five years post-IPO, with a gradual and orderly sale planned for the retained shares [13][15] Financial Performance - Unilever's ice cream business reported a 5.9% increase in basic sales for the first half of 2025, with a 3.8% increase in volume and a 2.0% increase in price [15] - The operating revenue for the ice cream segment was €4.6 billion (approximately 37.9 billion RMB), showing a slight year-on-year increase of 0.2% [15] Product Development - The company is focusing on product innovation and market strategies, having launched 31 new products in China in 2025, a 50% increase from the previous year [15]

Core Viewpoint - The Magnum Ice Cream Company has officially separated from Unilever and will operate independently, with plans to list in Amsterdam, London, and New York in Q4 2025, while also establishing operations in China [1][2]. Group 1: Company Structure and Operations - The separation of Magnum is a strategic move that has been in planning since 2024, with the operational cut occurring on July 1, 2025 [2]. - The new company is headquartered in the Netherlands and has established a "de-layered, frontline-first" independent structure, which is expected to reduce operational costs compared to when it was part of Unilever [2]. - In China, the newly formed Magnum Investment (Shanghai) Co., Ltd. has taken over Unilever's ice cream business, with a registered capital of 1.542 billion yuan [2]. Group 2: Market Dynamics and Competition - The Chinese ice cream market is currently dominated by three major players: Yili, Unilever (prior to the split), and Mengniu, with Yili's ice cream revenue declining by 18.4% to 8.72 billion yuan in 2024 [4]. - The market is witnessing a shift towards high-cost performance products, with brands like Mixue Ice City attracting consumers, contrasting with the struggles of premium brands like Haagen-Dazs [4]. - Magnum's high-end positioning is challenged by changing consumer preferences, as price sensitivity increases and "affordable quality" becomes the mainstream choice [4]. Group 3: Strategic Focus Post-Separation - The strategic focus for the independent Magnum will revolve around three pillars: growth, productivity, and reinvestment [5]. - Growth strategies may include expanding consumption scenarios and enhancing e-commerce presence, where Magnum ranks first on nine out of thirteen major platforms globally [5]. - The company aims to optimize its supply chain and reduce operational costs through a flexible structure, while also focusing on product innovation tailored to Chinese consumer tastes [5]. Group 4: Future Outlook - Magnum is set to go public in Q4 2025, with its performance in the Chinese market being crucial for its valuation [6]. - The company faces significant challenges in adapting to local competition and evolving consumer trends, while proving that independent operations can yield better growth than during the Unilever era [6].

Group 1 - The Magnum Ice Cream Company has officially completed its independent operations as of July 1, 2025, including establishing a legal entity and new operational model, and separating financial statements [1] - The company plans to list its shares in Amsterdam, London, and New York by the fourth quarter of 2025, with Unilever reporting the ice cream business as discontinued from the same period [1] - The Magnum Ice Cream Company owns several global ice cream brands, including Magnum, Cornetto, and Ben & Jerry's, and is currently wholly owned by Unilever [1] Group 2 - In China, a new operational entity for The Magnum Ice Cream Company has been established, fully owned by The Magnum Ice Cream Company HoldCo 3 Netherlands B.V., with Unilever no longer listed as a shareholder [2] - The new entity in China is led by Loh Wai Fung as the legal representative, with other key positions filled by Meng Lin, Xu Yuzong, and Jiang Fei [2] - Despite the establishment of the new entity, Magnum does not hold a dominant position in the Chinese market, where Yili ranks first, followed by Magnum (Unilever) and Mengniu [2] Group 3 - The Chinese ice cream market is currently experiencing a contraction, with Yili's ice cream revenue declining by 18.4% year-on-year to 8.72 billion yuan in 2024, and Mengniu's revenue down by 14.1% to 5.175 billion yuan [3] - In the first quarter of 2025, Yili's ice cream revenue continued to decline, indicating ongoing challenges in the market [3] - The market is shifting towards cost-effectiveness, as evidenced by the popularity of affordable ice cream brands like Mixue Ice City, contrasting with declining foot traffic at premium brands like Haagen-Dazs [3]

以下文章来源于天天IPO ，作者杨文静 天天IPO . 投资界（PEdaily.cn）旗下，专注IPO动态 承接无数人的夏天记忆，联合利华的冰淇淋业务包揽了我们耳熟能详的和路雪、可爱多、 梦龙、千层雪、本杰瑞等一众品牌。作为全球最大冰淇淋企业，联合利华在销量前10大 冰淇淋品牌中就占了一半，冰淇淋业务营业额已经接近83亿欧元（约合6 30亿人民币）。 此前这一业务估值高达15 0亿英镑（约合140 0亿人民币），如若正式上市，将成为全球最 大的冰淇淋IPO。 曾估值1400亿 全球最大冰淇淋IPO定了 联合利华操刀。 作者 I 杨文静 报道 I 投资界PEdaily 你常吃的冰淇淋要IPO了。 投资界-天天IPO获悉，本周联合利华发布202 4年财报，当中宣布一个重磅消息：将剥离 其冰激凌业务，并在阿姆斯特丹、伦敦和纽约上市。联合利华表示，有望在2 0 2 5年底之 前完成计划。 IPO几乎正式浮出水面。 "冰淇淋业务的剥离有望在20 25年底之前完成。"目前联合利华已经在走关键流程，包括 设立的法人实体等等。在财报上，联合利华还公布最新进展—— 冰淇淋业务将通过分拆的方式剥离，随后在荷兰注册成立，总部将继续 ...