Ben & Jerry's Foundation may suspend operations after funding cut

The Magnum Ice Cream

15/07/2026 15:29

    July 15 (Reuters) - The Ben & Jerry's Foundation said on Wednesday it will suspend operations at year-end after Magnum Ice Cream MICCT.AS cut its funding and evicted it from its offices, unless it wins a favorable court ruling.
Magnum cut the foundation's funding in April 2025 before ordering it to vacate its offices by July 15, 2026, the foundation said in a press release.
Unilever-backed audit in December 2025 found that the foundation had deficiencies in financial controls and governance
Foundation disputes the findings and says previous audits identified no similar concerns
Legal challenge over funding and office eviction remains pending in New York federal court, and is expected to extend into next year
Magnum spun off from Unilever in December with a valuation of about 7.8 billion euros
Magnum's handling of Ben & Jerry's has drawn investor criticism 

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 (Reporting by Dimitri Rhodes in Gdansk; Editing by Matt Scuffham)
 ((Dimitri.Rhodes@thomsonreuters.com))