Corporate Action - Unilever's ice cream spinoff's trading debut faces shutdown delay [1]

Core Insights - FAT Brands Inc. plans to open 10 co-branded Great American Cookies and Marble Slab Creamery stores in Iraq over the next five years in partnership with Eric Wilson, a U.S. military veteran [1][2] Company Overview - FAT Brands is a leading global franchising company that owns 18 restaurant brands and operates over 2,300 units worldwide [4] - The company has a strong presence in Iraq with seven locations to date and aims to expand further due to increased demand for American brands [2] Brand Highlights - Great American Cookies, founded in 1977, is known for its Original Cookie Cake and chocolate chip cookie recipe, offering a variety of baked goods including brownies and Double Doozies [2][5] - Marble Slab Creamery has been innovating in the ice cream sector since 1983, known for its frozen slab technique and offering homemade, small-batch ice cream with free mix-ins [3][6]

Strategy and Growth - General Mills aims to accelerate growth by driving remarkability in its offerings [7] - The company's strategy focuses on core markets, global platforms, and local gems, with a goal of organic net sales growth of +2% to 3% and adjusted operating profit growth in the mid-single digits [9] - Portfolio reshaping through acquisitions and divestitures has added approximately 1 percentage point to long-term growth exposure [23] - Nearly 30% of the net sales base has been turned over since fiscal year 2018 [25] Financial Performance and Outlook - General Mills reaffirms its fiscal year 2026 financial outlook, including organic net sales growth of -1% to +1%, adjusted operating profit growth of -15% to -10%, and adjusted diluted EPS growth of -15% to -10% [317] - The company anticipates approximately 5% headwinds from the net impact of divestitures and acquisitions and 3% from normalization of corporate incentive expense in fiscal year 2026 [317] - Holistic Margin Management (HMM) cost savings are projected to be 5% of COGS in fiscal year 2026, continuing a long-term trend [22] - General Mills returned nearly $14 billion to shareholders between fiscal years 2019 and 2025, including $9 billion in dividends and $5 billion in net share repurchases [340, 341, 343] Segment Performance - North America Retail segment is focused on building remarkable brands in food [46] - North America Foodservice segment reported $2.3 billion in net sales in fiscal year 2025 [158] - North America Pet segment is identified as the largest growth opportunity for the company, operating in a $56 billion U S category and a $142 billion global category [190, 189] - International segment reported $2.8 billion in net sales in fiscal year 2025, with global platforms expected to drive 75% of its growth over the next three years [268, 280]

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PAI Partners is bringing in fresh capital for its ice cream venture with Nestle in a deal that’s set to value the business at €15 billion including debt, sources say https://t.co/ogyC20Y1ms ...

Core Insights - FAT Brands Inc. has opened a new co-branded location of Great American Cookies and Marble Slab Creamery in Maryville, TN, marking an expansion in the Knoxville area and Tennessee [2][3] Company Overview - FAT Brands is a global franchising company that owns and operates 18 restaurant brands, including Great American Cookies and Marble Slab Creamery, with over 2,300 units worldwide [6] - Great American Cookies, founded in 1977, is known for its Original Cookie Cake and a variety of baked goods, with more than 400 locations domestically and internationally [7] - Marble Slab Creamery has been innovating in the ice cream sector since 1983, offering homemade, small-batch ice cream and a unique frozen slab technique [8] Location Details - The new store is located at 308 Cates Street, Maryville, TN 37801, and operates Monday through Thursday from 11:00 a.m. to 10:00 p.m., Friday and Saturday from 11:00 a.m. to 11:00 p.m., and Sunday from 12:00 p.m. to 6:00 p.m. [4]

Company Leadership - Ben & Jerry's co-founder Jerry Greenfield announced his exit from the ice cream maker [1] Corporate Governance & Independence - Unilever, the parent firm, allegedly took away Ben & Jerry's independence [1] - Unilever allegedly "silenced" Ben & Jerry's social activism [1]

Core Viewpoint - The departure of co-founder Jerry Greenfield from Ben & Jerry's highlights tensions between the brand and its parent company Unilever, particularly regarding social activism and corporate independence [1][2][3] Company Changes - Jerry Greenfield is stepping down after nearly 50 years with Ben & Jerry's, citing a clash with Unilever as the reason for his departure [1] - Unilever is in the process of spinning off its ice cream business into a standalone entity called the Magnum Ice Cream Company [3] Social Activism and Brand Values - Greenfield expressed that the brand's mission has always been about more than just ice cream, emphasizing values of equity, justice, and social activism [2][3] - The company faced significant tensions with Unilever after its 2021 decision to stop sales in the Israeli occupied West Bank, which Greenfield believes has led to a silencing of the brand on global issues [2] Company Perspective - Unilever disagrees with Greenfield's perspective and claims to have sought constructive dialogue with both co-founders to strengthen Ben & Jerry's value-based position [3]

Jerry Greenfield Of Ben & Jerry’s Exits Company—Says Ice Cream Maker’s Activism Is Being ‘Silenced’https://t.co/TalXNGqHIf https://t.co/YSLBzLXAEm ...

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