Unilever to Spin Off Ben & Jerry's Into Separate Ice Cream Company by 2025

Unilever plans to spin off Ben & Jerry's and its other ice cream brands into a separate business by the end of 2025
The decision comes after activist investor Nelson Peltz pushed for changes at Unilever to improve performance
Unilever says focusing on its other brands with higher margins makes strategic sense
Ben & Jerry's sale ends an unusual partnership where it maintained an independent board since Unilever's purchase in 2000
The spinoff will allow Unilever to focus on growing its remaining brands while the ice cream company operates independently