Blackstone and CD&R are reportedly considering bids for Magnum Ice Cream Company, less than six months after Unilever spun the brand out. The firms are watching Magnum’s share price, which has slipped from an early-year peak of 16.5 euros to around 13 euros, near its IPO level. They also plan to wait for the company’s summer sales results, a key revenue period. Unilever still holds a 19.9% stake and plans to exit within five years.
Magnum Ice Cream is ramping up in India, planning to expand factories from one to four to handle rising demand. The move follows a business revamp featuring more dairy-based products and lower pricing. Even as the company faces profitability pressures, it’s betting on stronger supply chains and cold-chain infrastructure to scale efficiently.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
