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...A self-styled “constructivist”, Peltz is best known for his turnaround campaigns at big consumer goods companies such as Mondelez, Heinz and Procter & Gamble....
...Peltz has previously led activist campaigns at consumer goods rivals including Procter & Gamble and Heinz, where he worked with Schumacher....
...Schumacher previously worked at Heinz, where Peltz was also an activist investor....
...The maker of Ben & Jerry’s ice cream and Hellmann’s mayonnaise has turned to the 51-year-old head of a Dutch dairy co-operative to succeed Alan Jope, after strategic missteps and financial underperformance...
...Schumacher previously worked at HJ Heinz and was based in China for four years....
...Food company Kraft Heinz last summer halted supplies of some products to Tesco in a dispute over pricing that has since been resolved....
...Jope’s failure to keep a lid on a distracting dispute with the co-founders of its Ben & Jerry’s brand also signals that central management lacks complete control....
...He’s got the backing of Peltz, who was previously an activist at Heinz, where the Dutch executive worked for more than a decade....
...Taking charge in 2019, Jope inherited a company under pressure to increase margins after repelling a takeover bid from Kraft Heinz....
...Channelling Jerry Maguire, we need to show them the money,” Dara Khosrowshahi, Uber’s chief executive, told staff....
...Ice cream, with brands like Wall’s and Ben & Jerry’s, is the jewel worth perhaps half the overall food portfolio. A split should facilitate any disposal later....
...Shares in the group are up just 4.4 per cent since it repelled a bid from Kraft Heinz almost five years ago, and have dropped 11.8 per cent in the past year, while sales growth has lagged behind rivals such...
...Soon afterwards, they launched a corporate battle to shake up Heinz....
...It was a big victory over the company, which is known for Ben and Jerry’s ice cream and Hellmann’s mayonnaise and Lipton teas, among other products....
...And really for the company, I think it marks the biggest crisis since it fought off a hostile approach by Kraft Heinz five years ago....
...What name is shared by Snoopy’s brother in Peanuts, the family dog in Rugrats and the bulldog in Tom and Jerry?...
...Another was Halo Top low-sugar and low-fat ice cream, which seized market share from brands like Ben & Jerry’s and Häagen-Dazs....
...Eating a mouthful of Magnum, Cornetto or Ben & Jerry’s ice-cream, the typical consumer has little concern for the precise temperature at which it has been transported from the factory....
...“I think this must be unique,” said Jerry Markham, a law professor at the Florida International University and former CFTC attorney....
...It also survived a brief hostile takeover attempt by smaller US food rival Kraft-Heinz in 2017....
...Unilever is losing share there to Procter & Gamble in shampoo with its TRESemmé and Suave brands, and has also waged a price war with Kraft-Heinz in mayonnaise....
...But every brand starts small — Ben & Jerry’s ice cream was founded in 1978 before outgrowing its craft roots and being acquired by Unilever in 2000....
...Kraft-Heinz, PepsiCo, Colgate-Palmolive have all overhauled their management recently in a bid to reignite growth....
...Some analysts have questioned whether Mr Jope should abandon the goal and instead focus on reviving sales growth at the maker of Ben & Jerry’s ice cream and Dove soap....
...In his first earnings presentation, Mr Jope vowed to make stoking growth at the maker of Dove soap and Ben & Jerry’s ice cream a priority....
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