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

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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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