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 […]
U.S.
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 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)