Wednesday, March 20, 2024

Huge Headache Ben & Jerry's getting the boot from parent after years of political controversy

 



Multinational conglomerate Unilever, the owner of some 400 brands, announced Tuesday it is spinning off its ice cream business — including major names like Ben & Jerry's, Breyers, Magnum, Popsicle and Klondike — after more than a century.

The consumer goods giant said the move was part of a growth strategy that would create a leaner business. At the same time, by shedding Ben & Jerry's, Unilever is ridding itself of a longtime headache.

Since its founding in 1978, Ben & Jerry's has been known for its left-leaning advocacy, and the Vermont-based ice cream maker was able to maintain an independent board of directors to continue its progressive activism even after it sold to Unilever in 2000.

But in recent years, the unique structure of the deal that allowed Ben & Jerry's to wade into controversial issues without interference has pulled Unilever into the fray, too.



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