This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: Unilever’s The Magnum Ice Cream Company is planning to use NotCo’s artificial intelligence platform to develop new products and nutritional profiles, the companies said in a statement. The partnership aims to “unlock new opportunities for smarter, faster product development” by combining Magnum’s ties to the consumer and expertise in ice cream with NotCo’s a ...

Justin Sullivan / Getty Images Jerry Greenfield, co-founder of Ben & Jerry's, is resigning. Key Takeaways Ben & Jerry's Co-founder Jerry Greenfield resigned from the ice cream brand, accusing parent Unilever of not living up to its agreement about speaking out on social issues. Greenfield said Unilever violated a promise to give Ben & Jerry's independence to comment on matters important to the company. Unilever said it disagrees with Greenfield's perspective and has tried to hold a dialog with both h ...

Mumbai: The Magnum Ice Cream Co. (TMICC), set to list as a standalone company after its demerger from Unilever Plc , is sharpening its focus on India by trying to turn festivals such as Diwali into “ice cream moments". Chief executive officer Peter ter Kulve said the maker of Kwality Wall’s and Magnum will look to build festive consumption and also expand its network of chillers to drive growth and premiumization.Also Read | How Ananth Narayanan plans to reshape BRND.ME Kulve said the company has not been ...

Group 1 - The Magnum Ice Cream Company held its first Capital Markets Day, indicating a significant step in its journey towards becoming a stand-alone listed company [1] - The company started the demerger process in March 2024 and has been operating as a stand-alone entity within Unilever since July 1 of this year [2] - A sell-side analyst visit to Turkey was hosted at the end of June, showcasing the company's engagement with investors [2]

Core Viewpoint - The founders of Ben & Jerry's are advocating for the brand to operate independently from Unilever, arguing that the parent company has compromised its social mission and brand value [1][3]. Group 1: Founders' Concerns - Ben Cohen and Jerry Greenfield express that Unilever has not honored the original agreement made during the sale of Ben & Jerry's, particularly regarding the brand's ability to pursue its progressive social mission [2][3]. - The founders believe that Ben & Jerry's cannot thrive under Unilever's conglomerate structure, which they claim undermines the reasons customers support the brand [3][4]. Group 2: Recent Developments - Ben & Jerry's criticized Unilever for the dismissal of its CEO, alleging that the decision was influenced by the CEO's commitment to the brand's social mission rather than his performance [5]. - The brand claims it was excluded from the CEO appointment process, which Unilever has denied, asserting that it acted appropriately [5]. Group 3: Unilever's Position - A spokesperson for Magnum Ice Cream, part of Unilever, stated that Ben & Jerry's remains a valued part of the company and emphasized their commitment to the brand's unique three-part mission [6].

Core Viewpoint - Ben & Jerry's is advocating for its own spin-off from Unilever's ice cream unit ahead of a planned listing, highlighting ongoing tensions regarding its social values and stance on political issues [1][3]. Company Developments - The new Magnum Ice Cream Company is presenting growth plans with a target of 3-5% average annual organic sales growth from 2026, which aligns with Unilever's overall outlook but exceeds the historical average for the ice cream sector [2][4]. - Unilever's ice cream unit, which includes brands like Magnum, Ben & Jerry's, Wall's, and Cornetto, is projected to capture over 20% of the global ice cream market, valued at approximately $88 billion, with expectations to grow to nearly $106 billion by 2029 [5]. Strategic Moves - The mid-November spin-off will reduce Unilever's stake in the ice cream unit to less than 20%, representing a significant strategic shift for CEO Fernando Fernandez as he aims to streamline operations and enhance profit margins [6]. - Competitors in the industry, such as Kraft Heinz and Nestle, are also exploring structural changes to improve growth and valuations, indicating a broader trend in the consumer goods sector [7].