Drafted on 22 February, updated on 24 February 2026
The Vevey-based multinational aims to focus on coffee, snacks and pet food.
The sale of ice cream, which generates more than 5 billion in revenue and employs 12,000 people worldwide, follows that of water, which has been struggling for some time.
This divestment follows that of Unilever‘s ice cream division, which has been in difficulty since the sale, probably also due to the success of anti-obesity drugs. In this regard, it should be noted that weight-loss injections are pushing the price of sugar to its lowest level in five years The futures price fell to less than half its level at the end of 2023 as GLP-1s reduce cravings for sweet snacks.
Big brands are in trouble as Pepsi but alsoProcter and Gamble (Procter & Gamble misses revenue estimates due to slower growth in the US)prove.
The exceptions seem to be local: Barilla (with an increasing share in pasta) and Ferrero (with increasing turnover and profits).
On GLP-1 read here. Below the evolution of the share of private label products (MDD) and big brands. Thanks to Mario Gasbarrino.
