Unilever Beats Sales Forecasts as Ice Cream Business Shines

Dove soap maker Unilever beat forecasts for second-quarter underlying sales growth on Thursday, citing strong demand at its ice cream business which it will spin off later this year as part of an ongoing reorganisation.

The company said the ice cream spin-off is set for mid-November. Unilever will retain a less than 20% stake in the division, called The Magnum Ice Cream Company, for up to five years.

Ice cream's underlying sales rose 7.1% in the second quarter, the group's fastest growing category. Unilever cited innovation as one of the drivers, such as the launch of its Magnum Utopia range...

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