The Magnum Ice Cream Company N.V.

World's largest pure-play ice cream company, demerged from Unilever in December 2025. Owns Magnum, Ben & Jerry's, Wall's, Cornetto, Breyers, and other ice cream brands sold in over 60 countries.

The Magnum Ice Cream Company's history is tied to Unilever's ice cream division, which built one of the world's largest ice cream businesses over decades through acquisitions and organic growth.

Unilever entered the ice cream business through its acquisition of Wall's in 1922, establishing a foundation in the UK market. Over the following decades, Unilever expanded its ice cream operations globally, acquiring and developing brands including Magnum (launched in 1989 in Germany), Ben & Jerry's (acquired in 2000 for $326 million), and Breyers (acquired in 1993).

In March 2024, Unilever announced plans to demerge its ice cream division as part of a broader corporate restructuring strategy. The decision was driven by Unilever's desire to simplify its portfolio and focus on higher-growth personal care and home care categories. The ice cream division had been Unilever's slowest-growing segment, and management believed it would perform better as an independent entity with dedicated focus and investment.

The demerger was structured as an in-specie dividend to Unilever shareholders, with one TMICC share issued for every five Unilever shares held. The demerger was completed on December 6, 2025, and trading in TMICC shares commenced on December 8, 2025. Unilever retained a minority stake of less than 20% in TMICC, which it plans to sell down over time to support separation costs and capital flexibility.

On September 9, 2025, TMICC hosted its Capital Markets Day, presenting its strategy as a standalone company, financial performance, and medium-term outlook. The company projected 3% to 5% growth in existing businesses and anticipated generating nearly $600 million in savings through a 50% reduction in suppliers.

TMICC inherits sustainability commitments from Unilever's ice cream division, including responsible sourcing practices, sustainable packaging initiatives, and climate action programs. The company's sustainability approach builds on practices established by brands like Ben & Jerry's, which has been a leader in fair trade certification and climate advocacy.

The company focuses on sustainable dairy sourcing, responsible ingredient procurement, and reducing the environmental footprint of its manufacturing operations and cold chain distribution. TMICC's scale provides opportunities to drive sustainability improvements across the global ice cream supply chain.