Particle.news
Download on the App Store
4 ARTICLES
·
4w ago

Unilever Confirms Ben & Jerry’s Role in Upcoming Magnum Ice Cream Spin-Off

The consumer giant denies sale rumors, reaffirms brand's inclusion in July 1 listing, and demands audit of Foundation funding.

Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. REUTERS/Andrew Kelly/File Photo
Unilever logo is pictured on a Dove soap box in this illustration taken on January 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Image
Image

Overview

  • Unilever CEO Fernando Fernandez announced that Ben & Jerry’s will remain part of the soon-to-be-launched Magnum Ice Cream Company, set to list in the Netherlands on July 1, 2025.
  • The company denied rumors of selling Ben & Jerry’s, despite reported interest from founders Ben Cohen and Jerry Greenfield in repurchasing the brand.
  • Unilever has requested an expedited audit of the Ben & Jerry’s Foundation to ensure its $5 million annual funding aligns with the 2000 acquisition agreement.
  • The company refuted claims of threatening to halt Foundation funding, emphasizing the importance of governance and transparency in fund allocation.
  • Tensions persist between Unilever and Ben & Jerry’s independent board over governance, activism, and the recent removal of CEO David Stever, which the board claims violated their merger agreement.