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Unilever violating merger deal over Israel sale - Ben & Jerry's founders on MSNBC

Stock Markets Sep 19, 2022 10:51AM ET
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2/2 © Reuters. FILE PHOTO: Ice creams of Ben & Jerry's, a Unilever brand, are seen at their shop in London, Britain, October 5, 2020. REUTERS/Hannah McKay/File Photo 2/2
 
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(Reuters) - The founders of ice cream maker Ben & Jerry's said on MSNBC on Sunday that parent Unilever (NYSE:UL) PLC is in violation of the 2000 merger deal over its sale of Ben & Jerry's business in Israel to a local licensee who could sell their products in the West Bank.

"That agreement gave authority over the social mission to the independent board of Ben & Jerry's. Unilever has usurped their authority and reversed the decision that was made and we can't allow that to happen, we can't sit idly by," Ben Cohen said in a televised interview.

Partner Jerry Greenfield said the agreement is legally binding and needs to be adhered to.

Unilever, in contrast, has said it retained the right to make operational decisions for Ben & Jerry's, and that the sale could not be undone because it has irrevocably closed.

Ben & Jerry's said earlier this month that it plans to amend its lawsuit challenging Unilever's sale of the Israeli business in Federal court in Manhattan. Unilever must respond by Nov. 1.

In July 2021, the Burlington, Vermont based company decided to end sales in Israeli-occupied Palestinian territories, calling it "inconsistent" with the progressive values and social mission it retained the right to promote.

That decision prompted a backlash against Unilever, including divestments by pension funds from the consumer goods company and accusations of anti-Semitism by some Jewish groups.

Unilever violating merger deal over Israel sale - Ben & Jerry's founders on MSNBC
 

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Comments (3)
Yair Kempler
Yair Kempler Sep 19, 2022 11:04AM ET
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That land was originally taken by Israrl from Jordan in a war. Jordan doesnt want that land back and Palestine dorsnt exist or existed as a country ever. You go to war and you lose, thats what happens.
materi bacaan
materi bacaan Sep 19, 2022 12:55AM ET
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Proud of Unilever's decision & core value
Roger Miller
Roger Miller Sep 18, 2022 10:40PM ET
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So the attitudes of many people in Palestine towards LGBQT rights don’t bother Ben & Jerry’s? Or are they being selectively progressive? Maybe they should pull out of the entire Middle Eastern market to prove their virtues.
Rafat Barghouti
Rafat Barghouti Sep 18, 2022 10:40PM ET
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There is attitude against the LGBQT everywhere in the world , in ( Israel ) and even in alot of the states , LGBQT something and APARTHEID system that ( Israel ) using agains the Palestinians is something else .
 
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