Ben & Jerry’s has removed three members from its independent board, as part of new governance practices introduced by the iconic ice cream company. Magnum Ice Cream Company (NYSE:MICC) , which houses brands like Ben & jerry’s and Cornetto, will be enforcing a new policy that restricts the tenure of board members to nine years. As a result, Chair Anuradha Mittal, two other long-time directors, Daryn Dodson and Jennifer Henderson, will not qualify for re-election in 2026. Mittal had told Reuters earlier this ...

With The Magnum Ice Cream Company's supply-chain chills gone, the pressure is on Unilever to show that its shift towards beauty and wellbeing can fire up growth and margins. ...

LONDON, Dec 8 (Reuters) - The Magnum Ice Cream Company is set to finalise ​its long-awaited spinoff from Unilever on ‌Monday with an Amsterdam listing that will test investors' ‌sweet tooth. Unilever is shedding a business unit whose cold supply chain offered few synergies with other food brands in its portfolio, let ⁠alone Dove soap ‌and Axe deodorant, while Magnum is counting on a pure focus ‍on ice cream to unlock dormant productivity benefits. Unilever on Monday said it had completed the demerger ​on ...

The chair of Ben & Jerry's independent board said she has no plans to resign as Unilever pressures her ahead of Monday's public spinoff of its Magnum ice cream division, which will include the Vermont... ...

Key TakeawaysThe Federal Reserve is widely anticipated to implement a 25-basis-point interest rate cut at its upcoming December 9-10 meeting, despite significant internal divisions among policymakers regarding the U.S. economic outlook.Ben & Jerry's co-founders are advocating for the brand's independence from Unilever (UL, UNLYF) as the conglomerate prepares to spin off its ice cream business into The Magnum Ice Cream Company, citing concerns over the erosion of social justice values.Middle East diplomatic ...

Group 1 - Unilever's Magnum ice cream business is planning to go public in November [1] - The company intends to utilize artificial intelligence from Chilean start-up NotCo to reformulate existing products and develop new ones [1]

Core Viewpoint - The founders of Ben & Jerry's are urging Unilever to allow the ice cream brand to operate independently, expressing concerns over Unilever's failure to honor commitments made during the 2000 acquisition [1][3][7] Company Operations - Unilever plans to spin off its ice cream operations, creating a new entity called The Magnum Ice Cream Company (TMICC), which will include Ben & Jerry's and other brands like Solero, Cornetto, Twister, and Carte D'Or, and will be listed on exchanges in London, Amsterdam, and New York [2] Founders' Concerns - Cohen and Greenfield assert that Unilever has not respected the autonomy promised in the 2000 takeover agreement, which allowed Ben & Jerry's to pursue its social mission [3][4] - The founders claim that their brand's voice has been suppressed by Unilever, particularly regarding social justice issues, which contradicts the original vision they had for the company [4] Legal Actions - Ben & Jerry's has taken legal action against Unilever, alleging that the company attempted to silence its social mission by ousting its CEO and restricting public criticism of political figures and issues [5] - The ice cream brand previously halted sales in the Israeli-occupied West Bank, leading to Unilever's sale of its operations in the region to mitigate diplomatic tensions [6] Future Outlook - The founders believe that Ben & Jerry's should not be part of a corporate entity that does not support its founding mission, indicating a desire for the brand to operate independently from Unilever's influence [7]