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

July 15 (Reuters) - ‌The Ben & ​Jerry's ​Foundation said on Wednesday it will suspend operations at ‌year-end after Magnum Ice Cream 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 ($1 = ​0.8752 euros)

(Reporting by Dimitri Rhodes in Gdansk; Editing by Matt ‌Scuffham)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nvidia in talks to invest $3 billion in SB Energy as part of OpenAI data center deal, the Information reports
• Yemen's Mocha port halts operations after Houthi attacks, port director says
• Ukraine says it hit Russian rocket centre linked to Starlink-style network