Nestlé S.A. (SWX:NESN) is reportedly evaluating options to divest its ice cream operations, potentially mirroring the recent moves made by Unilever. On April 10, 2026, sources indicated that the Switzerland-based company is in advanced discussions regarding the future of its Froneri joint venture, which could lead to a significant reduction or complete exit from the ice cream sector. The strategic review includes assessing the possibility of reducing Nestlé's stake in Froneri or transferring remaining wholly owned ice cream businesses into this joint venture.
Froneri, which already oversees well-known brands like Häagen-Dazs and Mövenpick in various markets, has been the recipient of substantial portions of Nestlé's ice cream operations over the past decade, making it a key player in the global ice cream industry. Nestlé has previously offloaded significant parts of its ice cream business, including a $4 billion deal in 2019 that transferred its U.S. ice cream operations to Froneri. Currently, the company is focusing on simplifying its portfolio to concentrate on its core sectors such as coffee, pet care, nutrition, and food and snacks.
The ongoing discussions, however, have not provided any specific details about potential transaction terms or timelines. This potential move by Nestlé comes in the wake of Unilever's recent decision to separate its ice cream division into a standalone entity.
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