Overview
- Magnum begins trading on Euronext Amsterdam on Monday, taking over the fraught relationship with Ben & Jerry’s and its independent board.
- Magnum CEO Peter ter Kulve told the Financial Times it is time for the founders to hand over the brand and move on, a message that also referenced longtime foundation trustees.
- An audit of the Ben & Jerry’s Foundation reported deficiencies in financial controls, governance, and conflict‑of‑interest policies, findings Mittal rejects as a manufactured inquiry.
- The foundation’s trustees say Unilever and Magnum have withheld contractually owed funding and are pressing for Anuradha Mittal’s removal as a trustee despite the foundation’s cooperation with the audit.
- Magnum warned in securities filings that Ben & Jerry’s actions could spur reputational damage, boycotts, or investor claims as legal clashes continue over statements on the Israeli‑occupied Palestinian territories.