
Ben & Jerry's is owned by The Magnum Ice Cream Company N.V. (Euronext: MICC), an independent ice cream company formed when Unilever demerged its ice cream division on December 6, 2025. Unilever originally acquired Ben & Jerry's in 2000 for $326 million. The brand maintains its headquarters in South Burlington, Vermont, USA.
Parent Company
Acquired
2000
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Ben & Jerry's | The Magnum Ice Cream Company N.V. | Wholly owned |
Ben & Jerry's was founded in 1978 by childhood friends Ben Cohen and Jerry Greenfield, who met in seventh-grade gym class on Long Island, New York. After completing a $5 correspondence course in ice cream making from Penn State University, the pair opened their first scoop shop in a renovated gas station in Burlington, Vermont, with $12,000 in savings and a $4,000 bank loan. This humble beginning demonstrated the founders' entrepreneurial spirit and their ability to transform a small investment into a revolutionary ice cream business that would eventually become a global cultural phenomenon.
The shop quickly became popular for its creative, chunky flavors that broke from the smooth, traditional ice cream mold. Flavors like Chocolate Chip Cookie Dough, Cherry Garcia (named after Grateful Dead guitarist Jerry Garcia), and Chunky Monkey became iconic. Ben Cohen's diminished sense of smell led him to focus on texture and chunks in the ice cream, which became the brand's signature characteristic. This focus on texture and innovative flavor combinations demonstrated Ben & Jerry's ability to differentiate itself in a crowded market through product innovation and distinctive sensory experiences that would appeal to consumers seeking something beyond traditional ice cream offerings.
Ben & Jerry's grew rapidly throughout the 1980s, expanding from a single scoop shop to a national brand distributed through supermarkets. The company went public in 1985 with an unusual Vermont-only initial stock offering, allowing local residents to invest in the company. By the mid-1990s, Ben & Jerry's had become one of the top-selling super-premium ice cream brands in the United States. This rapid growth demonstrated Ben & Jerry's ability to scale its operations while maintaining product quality and brand authenticity, creating a successful business model that could compete with much larger established ice cream companies.
Equally notable was the company's commitment to social activism. Ben & Jerry's pioneered corporate social responsibility in the food industry, dedicating a percentage of profits to charitable causes, sourcing fair trade ingredients, and advocating for environmental and social justice issues. The company's "linked prosperity" business model aimed to benefit all stakeholders, not just shareholders. This commitment to social responsibility demonstrated Ben & Jerry's ability to integrate business success with social impact, creating a model for corporate activism that would influence many other companies in the food and beverage industry.
Unilever's acquisition in 2000 was initially controversial among fans who feared the brand would lose its activist identity. However, the independent board structure has allowed Ben & Jerry's to continue its social mission, including campaigns on climate change, racial justice, and refugee rights. The brand has occasionally clashed with Unilever over political stances, most notably regarding sales in contested territories. This unique ownership arrangement demonstrated the possibility of maintaining brand values and social mission even within a large corporate structure, while revealing the ongoing tensions between commercial interests and activist principles. In December 2025, Unilever completed the demerger of its ice cream division, and Ben & Jerry's became part of The Magnum Ice Cream Company N.V., a standalone ice cream entity.
Is The Magnum Ice Cream Company publicly traded?
Yes, The Magnum Ice Cream Company N.V. is publicly traded on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange under ticker MICC. Trading commenced on December 8, 2025, following the demerger from Unilever. Unilever retained a minority stake of less than 20%, which it plans to sell down over time. Major institutional shareholders include BlackRock, Vanguard, and State Street.
Who owns The Magnum Ice Cream Company?
The Magnum Ice Cream Company is owned by its shareholders, primarily institutional investors and former Unilever shareholders who received TMICC shares through the demerger. Unilever retained a minority stake of less than 20%. The demerger was structured as an in-specie dividend, with one TMICC share issued for every five Unilever shares held. No single shareholder holds a controlling stake.
When was The Magnum Ice Cream Company founded?
The Magnum Ice Cream Company was founded on December 6, 2025, when Unilever completed the demerger of its ice cream division. The company's ice cream business, however, dates back to 1922, when Unilever acquired Wall's. The Magnum brand was launched in 1989. The company's history is tied to Unilever's ice cream division, which built one of the world's largest ice cream businesses over more than a century.
What brands does The Magnum Ice Cream Company own?
The Magnum Ice Cream Company owns Magnum, Ben and Jerry's, Wall's (also known as Ola, Langnese, Algida, and Kibon in different regions), Cornetto, Breyers, Good Humor, Calippo, Twister, and Solero. The company's portfolio spans premium, mainstream, and novelty ice cream segments. Magnum is the company's largest brand by revenue, generating approximately 2 billion euros annually.
What is The Magnum Ice Cream Company's annual revenue?
The Magnum Ice Cream Company reported FY2024 revenue of approximately 7.9 billion euros, based on the financial performance of Unilever's ice cream division prior to the demerger. In Q1 2026, the company reported revenue of 2.1 billion euros, up 3.2% organically. The company has guided for 3% to 5% organic growth over the medium term.
Why did Unilever demerge its ice cream division?
Unilever announced the demerger in March 2024 as part of a broader corporate restructuring under CEO Hein Schumacher. The ice cream division had been Unilever's slowest-growing segment, with organic growth of approximately 2% to 3% compared to 4% to 6% for the rest of the business. Unilever's management believed the ice cream business would perform better as an independent entity with dedicated focus and investment. The demerger was completed on December 6, 2025.
Who is the CEO of The Magnum Ice Cream Company?
Peter ter Kulve is the CEO of The Magnum Ice Cream Company. Ter Kulve previously served as president of Unilever's ice cream division from 2020 to 2025. He has led the transition from a Unilever division to an independent company and has emphasized the advantages of dedicated focus on the ice cream category. The board of directors is chaired by Ian Meakins.
Ben & Jerry's operates with a strong commitment to social and environmental responsibility, guided by its progressive values and mission to use business as a force for good. The company's sustainability initiatives focus on fair trade sourcing, climate action, and social justice advocacy.
Fair Trade Sourcing: Ben & Jerry's has been a leader in fair trade certification, with all major flavor ingredients sourced through fair trade programs. The company works with fair trade cooperatives to ensure farmers receive fair prices and work under ethical conditions. Key fair trade ingredients include vanilla, cocoa, coffee, and sugar from certified suppliers in developing countries.
Climate Action and Environmental Leadership: The company has committed to reducing its environmental footprint through comprehensive climate initiatives. Ben & Jerry's aims to achieve 100% renewable energy across its operations and reduce greenhouse gas emissions from dairy farming. The company has implemented sustainable packaging initiatives, including plant-based containers and reduced plastic usage.
Dairy Sustainability: Ben & Jerry's works with dairy farmers through its Caring Dairy program, which promotes sustainable farming practices and animal welfare. The company supports farmers in implementing regenerative agriculture techniques, reducing methane emissions, and improving soil health. The program includes financial premiums for farmers who meet sustainability standards.
Social Justice Advocacy: Beyond environmental sustainability, Ben & Jerry's maintains a strong commitment to social justice causes. The company actively advocates for racial justice, LGBTQ+ rights, marriage equality, and criminal justice reform. The brand uses its platform and products to raise awareness about social issues and support progressive causes.
Responsible Ingredient Sourcing: Ben & Jerry's prioritizes non-GMO ingredients and has worked to eliminate artificial flavors and colors from its products. The company maintains strict quality standards for ingredient sourcing and production processes, ensuring ethical practices throughout its supply chain.
Community Engagement: The company supports local communities through various initiatives, including the Ben & Jerry's Foundation, which funds social and environmental justice programs. The company also engages employees in volunteer activities and community service projects.
Ben & Jerry's has received extensive recognition for its innovative products, social activism, and corporate responsibility leadership, particularly for its integration of business success with social and environmental values.
Product Innovation Awards: Ben & Jerry's has been consistently recognized for creating innovative ice cream flavors and product formulations. The brand has received numerous awards from food industry publications and taste competitions for its creative flavor combinations and high-quality ingredients. The company's ability to balance unique flavors with mainstream appeal has been celebrated as a model of food innovation.
Corporate Responsibility Recognition: The company has received numerous awards for its commitment to social and environmental responsibility. Ben & Jerry's has been recognized by organizations such as B Lab, the United Nations Global Compact, and various sustainability organizations for its progressive business practices and ethical operations.
Social Justice Leadership: Ben & Jerry's has received recognition from civil rights organizations, LGBTQ+ advocacy groups, and social justice organizations for its advocacy work. The company's willingness to take public stands on controversial social issues has been acknowledged as courageous leadership in corporate social responsibility.
Fair Trade Leadership: The brand has received awards from fair trade organizations for its pioneering work in fair trade certification and ethical sourcing. Ben & Jerry's commitment to fair trade has influenced other food companies and helped advance the fair trade movement in the food industry.
Environmental Achievement: The company has been recognized for its environmental initiatives, particularly its work on sustainable dairy farming and climate action. Environmental organizations have acknowledged Ben & Jerry's for its comprehensive approach to reducing environmental impact and promoting sustainable agriculture.
Brand Recognition and Marketing: Ben & Jerry's has received marketing awards for its authentic brand voice and creative marketing campaigns. The company's ability to maintain its unique brand identity while operating within a large corporation has been noted as a case study in successful brand management.
Workplace Culture: The company has been recognized for its progressive workplace policies and employee benefits. Ben & Jerry's has received awards for its commitment to employee wellness, work-life balance, and inclusive workplace culture.
Ben & Jerry's has faced several challenges and controversies throughout its history, particularly related to its acquisition by Unilever, social advocacy positions, and occasional product quality issues, reflecting the complexities of maintaining progressive values within a large corporate structure.
Acquisition by Unilever (2000): The company's acquisition by Unilever in 2000 generated significant controversy among consumers and activists who feared the brand would lose its progressive values and social mission. The acquisition led to debates about corporate responsibility and whether a multinational corporation could maintain the authenticity of a countercultural brand. The company negotiated a unique independent board structure to preserve its social mission.
Social Justice Advocacy Controversies: Ben & Jerry's has faced criticism and boycotts for its advocacy on various social issues, including its support for marriage equality, Black Lives Matter, and other progressive causes. Some consumers have boycotted the brand for taking political stances, while others have criticized the company for not going far enough in its advocacy.
Legal Challenges Over Free Speech: The company has faced legal challenges related to its social advocacy, particularly when its positions have conflicted with those of its parent company or government policies. These challenges have raised questions about corporate free speech and the ability of subsidiary brands to maintain independent political positions.
Product Quality and Safety Issues: Like other food manufacturers, Ben & Jerry's has occasionally faced product recalls related to quality control issues or contamination concerns. These incidents have typically involved limited product runs and have been addressed through standard recall procedures.
Supply Chain Ethics Criticism: The company has faced criticism from some consumer groups regarding supply chain practices, particularly related to ingredient sourcing and labor standards. While Ben & Jerry's has implemented comprehensive fair trade and ethical sourcing programs, some activists have called for even stricter standards and greater transparency.
Environmental Impact Concerns: Despite its environmental leadership, Ben & Jerry's has faced criticism regarding the environmental impact of dairy production and ice cream manufacturing. Environmental groups have questioned whether the company can truly be sustainable given the carbon footprint of its core products and supply chain.
Cultural Appropriation Debates: The company has occasionally faced criticism for flavor names or marketing campaigns that some groups have viewed as culturally insensitive. These incidents have led to public apologies and product name changes, reflecting ongoing challenges in maintaining cultural sensitivity in marketing.
Corporate Independence Questions: There have been ongoing debates about whether Ben & Jerry's can maintain its independence and social mission within a large corporate structure. Some former employees and activists have questioned whether the brand's progressive values have been compromised by corporate ownership. The December 2025 demerger from Unilever into The Magnum Ice Cream Company may partially address these concerns, as the brand is now part of a smaller, focused ice cream company.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Unilever | USA (Unilever North America HQ) | 1919 | Mass market | United states | All-ages | |
| Unilever | USA | 1913 | Mass market | North america | All Genders | |
| Unilever | USA | 2003 | Premium | United states | All Genders | |
| Unilever | United Kingdom | 1869 | Mass market | Asia pacific | All-ages | |
| Berkshire Hathaway | USA | 1940 | Mass market | United states | All-ages | |
| Nexus Capital Management | USA | 2011 | Premium | United states | Mens |
Food BeverageOwned by Unilever plc
American mayonnaise and condiment brand owned by Unilever, known as Hellmann's east of the Rocky Mountains.
Food BeverageOwned by Unilever plc
American mayonnaise and condiment brand founded in 1913 by Richard Hellmann in New York City. Owned by Unilever (LSE: ULVR) and set to transfer to McCormick & Company (NYSE: MKC) in a deal expected to close mid-2027. Sold as Best Foods west of the Rocky Mountains.
Food BeverageOwned by Unilever plc
American premium gelato and sorbetto brand, formerly owned by Unilever, now part of The Magnum Ice Cream Company following Unilever's ice cream business spinoff in 2025. Known for transparent plastic jars and layered gelato products.
Food BeverageOwned by Unilever plc
British tea brand owned by Unilever, known for Red Label and PG Tips tea products.
Food Service RestaurantsOwned by Berkshire Hathaway
American fast food chain specializing in soft serve ice cream and the Blizzard treat, owned by Berkshire Hathaway since 1998. Over 7,700 locations across 20 countries.
Beauty Personal CareOwned by Nexus Capital Management
American direct-to-consumer razor and grooming brand known for its subscription model and viral marketing.
Market Positioning: Ben & Jerry's competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
Looking for brands with different ownership structures? These similar brands are not owned by The Magnum Ice Cream Company N.V., giving you alternative choices that support different corporate structures.
Food BeverageOwned by Lavazza Group
Italian premium coffee brand and one of the world's largest coffee roasters, family-owned since 1895, selling products in over 140 countries with annual revenue of EUR 3.9 billion in 2025.
Lavazza is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Food BeverageOwned by OLIPOP Inc.
Functional prebiotic soda brand with high fiber and low sugar, sold in nearly 50,000 US retail locations. Privately held, valued at $1.85 billion.
Olipop is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Food BeverageOwned by Barilla Group
Italian pasta and food brand owned by Barilla Group, a leading global pasta and sauce manufacturer.
Barilla is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Food BeverageOwned by JAB Holding Company
American doughnut brand founded in 1937, publicly traded on NASDAQ (DNUT) with JAB Holding as largest shareholder at 43%. Operates over 2,100 shops globally with a hub-and-spoke distribution model.
Krispy Kreme is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Food BeverageOwned by Mars, Incorporated
Candy-coated chocolate confections produced by Mars, Incorporated, one of the world's best-selling candy brands since 1941.
M&M's is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Food BeverageOwned by Mars, Incorporated
American nougat, caramel, and chocolate candy bar owned by Mars, Incorporated, introduced in 1923. One of the oldest candy bars still in production in the United States, with a distinct formulation difference between US and European versions.
Milky Way is privately owned, unlike Ben & Jerry's which is under a publicly traded parent company.
Discover popular brands and companies in the Food & Beverage category and related searches from other users.

American lemon-lime flavored carbonated soft drink brand known for its crisp, clean taste and caffeine-free formula.

Probiotic yogurt brand owned by Danone SA, sold in more than 70 countries. Activia is positioned as a digestive health product and is one of Danone's highest-revenue dairy brands globally.

British chocolate brand known for its distinctive aerated, bubbly texture, produced and distributed by Nestle and sold primarily in the United Kingdom, Canada, and select international markets.