Overview
- The filing did not name chair Anuradha Mittal or specify which criteria were not met.
- Magnum’s disclosure warns that statements or actions by Ben & Jerry’s leaders could harm the group’s reputation, business and results.
- The spin-off targets a primary Amsterdam listing on December 8 with secondary listings in New York and London under the MICC ticker after a roughly one-month delay linked to the U.S. government shutdown.
- The companies’ rift dates to 2021 over Ben & Jerry’s halting sales in the Israel-occupied West Bank, subsequent Gaza statements, and a lawsuit alleging Unilever sought to silence the brand.
- Co-founder Ben Cohen has said tensions could sharpen after separation as Ben & Jerry’s weighs more heavily in the new company’s mix, while Unilever reports H1 2025 organic sales growth of 5.8% on €4.5 billion revenue and expects a market share just over one-fifth of the $88 billion ice cream market.