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Ice cream giant faces investor revolt over Ben and Jerry’s social mission and financial transparency

The Independent·Alexander Marrow·26 days ago
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#comments#magnum#jerry#board#brand#unilever
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A coalition of investors is challenging ice cream giant Magnum over its handling of Ben & Jerry's social activism and a perceived lack of financial transparency, according to a letter seen by Reuters . The shareholders, who collectively hold at least $1.3 million in Magnum stock and manage billions in assets, have demanded clarity on how the company plans to uphold Ben & Jerry's board independence and provide separate sales and profit figures for the brand. This pressure highlights the ongoing challenge that Ben & Jerry's, known for its vocal social activism, poses to The Magnum Ice Cream Company. Magnum spun off from consumer goods giant Unilever and listed publicly in December. Ben & Jerry's founders and board frequently clashed with its former parent, Unilever, over political and ethical stances (Reuters) Ben & Jerry's founders and board frequently clashed with its former parent, Unilever, over political and ethical stances.…

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