Arizona sells Unilever bonds over Ben & Jerry's Israel move
The state of Arizona has sold off $93 million in Unilever bonds and plans to sell the remaining $50 million invested in the global consumer products company because subsidiary Ben & Jerry's stopped selling its ice cream in Israeli-occupied territories.
Arizona sells Unilever bonds over Ben & Jerry's Israel move
Arizona has sold off $93 million in Unilever bonds and plans to sell the remaining $50 million it has invested in the global consumer products company over subsidiary Ben & Jerry's decision to stop selling its ice cream in Israeli-occupied territories, the latest in a series of actions by states with anti-Israel boycott laws. The investment moves state Treasurer Kimberly Yee announced this week were mandated by a 2019 state law that bars Arizona government agencies from holding investments or doing more than $100,000 in business with any firm that boycotts Israel or its territories. Arizona appears to be the first of 35 states with anti-boycott laws or regulation to have fully divested itself from Unilever following Ben & Jerry's actions.news.yahoo.com
Florida may drop Ben & Jerry's parent over Israel boycott
Florida won't put any state money into the parent company of Ben & Jerry's unless it reverses a decision to stop selling ice cream in contested parts of Israel, Gov. Ron DeSantis said Tuesday. The Republican governor said the State Board of Administration added London-based Unilever to its list of “scrutinized companies” that boycott Israel. This means that if Ben & Jerry's position on Israel is not reversed in 90 days, Florida will not invest in or contract with Unilever or its subsidiaries.news.yahoo.com
“New form” of ice cream “terrorism”: How Ben & Jerry’s has exposed Israel’s anti-BDS strategy
A closed "Ben & Jerry's" ice-cream shop in the Israeli city of Yavne, about 30 kilometers south of Tel Aviv, on July 23. Indeed, Ben & Jerry’s did not attempt to mask or delude their decision in any way. “We believe it is inconsistent with our values for Ben & Jerry’s ice cream to be sold in the occupied Palestinian Territory,” a statement by the Vermont, U.S.-based company read on July 19. Yet, none of this has ended or even slowed down the momentum of the Palestinian boycott movement. In order to appreciate Tel Aviv’s unsolvable quandary, just marvel at this odd response, which was offered by top Israeli officials in response to Ben & Jerry’s decision.arabamericannews.com
Israel launches maximum pressure campaign against Ben & Jerry's
The Israeli government has formed a special task force to pressure Ben & Jerry's ice cream and its parent company Unilever to reverse their decision to boycott Israeli settlements in the West Bank, Israeli officials tell me.Why it matters: The Israeli government is concerned the move by Ben & Jerry's will encourage other international companies to take similar steps to differentiate between Israel and the West Bank settlements. A classified Foreign Ministry cable, seen by Axios, makes clear thenews.yahoo.com
Ben & Jerry’s agrees to end sales in occupied Palestinian territory
A refrigerator bearing the Ben & Jerry's logo is seen at a food store in the illegal Jewish settlement of Efrat in the Israeli-occupied West Bank July 20. Photo: Ronen Zvulun/ReutersAfter years of efforts by anti-occupation activists, the popular American ice cream company Ben & Jerry’s has halted sales of its products in occupied Palestinian territories. Under international law, Israeli settlements on occupied Palestinian land are illegal. Ben & Jerry’s said that its operations in occupied territories were “inconsistent” with its values. Since 1987, licensee partner Ben & Jerry’s Israel has handled the company’s business in the region in since 1987.arabamericannews.com
Israeli PM slams Ben & Jerry’s ice cream ban, vows to 'act aggressively'
Israeli Prime Minister Naftali Bennett told the head of Unilever on Tuesday that Israel will “act aggressively” against Ben & Jerry’s over the subsidiary's decision to stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem.news.yahoo.com
Ben & Jerry's rolls out new line of frozen desserts — for dogs
Dogs are already the big winners of the coronvirus quarantine, but Ben & Jerry's is about to kick things up a notch for your canine bestie. They're made from the same ingredients Ben & Jerry's uses in its nondairy human desserts. Ben & Jerry's is the latest food company to pivot to pets, sensing opportunity as more Americans acquire furry friends. Three years later, Smucker acquired Ainsworth Pet Nutrition, which makes Nutrish brand pet food. The pivot to pets doesn't mean Ben & Jerry's is seeing any slowdown on the human side.cbsnews.com
Ben & Jerry's debuts frozen dog treats, a passion project inspired by its pet friendly workplace
Ben & Jerry'sIf your furry friend gives you the puppy dog eyes when you dig into a bowl of ice cream, Ben & Jerry's has a solution. In-home ice cream sales grew by 16% at Unilever in the third quarter, led by Ben & Jerry's and one of its other brands, Magnum. A passion project"People are at home and they're looking for some sort of additional comfort and ice cream, specifically Ben & Jerry's, is one of those go-to comfort foods," said Lindsay Bumps, a Ben & Jerry's global marketing specialist. Ben & Jerry's is debuting two flavors of Doggie Desserts. Ben & Jerry'scnbc.com
Doggie desserts: Ben & Jerry's enters the pet food business
This photo provided by Ben & Jerrys shows Ben & Jerrys dog treats. So does Ben & Jerry's. They're made from the same ingredients Ben & Jerry’s uses in its non-dairy human desserts. Ben & Jerry’s is the latest food company to pivot to pets, sensing opportunity as more Americans acquire furry friends. Three years later, Smucker acquired Ainsworth Pet Nutrition, which makes Nutrish brand pet food.
Ben & Jerry's honors Colin Kaepernick with new flavor
Ben & Jerry's is teaming with Colin Kaepernick in debuting a new flavor in honor of the former NFL player, with his portion of the proceeds going to his Know Your Rights campaign, a nonprofit devoted to Black and Brown communities. Like Kaepernick, the ice cream is vegan. Calling itself "an aspiring social justice company," Unilever-owned Ben & Jerry's said its new flavor "celebrates Kaepernick's courageous work to confront systemic oppression and to stop police violence against Black and Brown people." 100% of my proceeds will go to @yourrightscamp with matching support from Ben & Jerry's pic.twitter.com/OouYwUXPXK — Colin Kaepernick (@Kaepernick7) December 10, 2020Known for kneeling during the national anthem to protest racial inequality, Kaepernick hasn't played in an NFL game since the end of the 2016 season. While touting Kaepernick's activism, Ben & Jerry's brand could also benefit from joining forces with the athlete, at least if the experience of Nike holds true for the ice cream maker.cbsnews.com
Unilever is using geolocation data and satellite imagery to check for deforestation in its supply chain
It has historically been hard for the firm and other multinationals to trace the exact origins of those ingredients down to the individual farm or field, according to Marc Engel, the company's chief supply chain officer. And then at the beginning of the chain is usually a farmer, or a company that uses the land. Palm oil, an ingredient in grocery products from biscuits to shampoo, has become a hot topic, because of the risk of deforestation where trees are cleared to make way for more lucrative oil palm plantations. Unilever has stated that it will "achieve a deforestation-free supply chain by 2023." Unilever wants other companies to take part given that the cost of monitoring thousands of supply chains via advanced satellite images around the world would be prohibitive.cnbc.com
Amid pandemic, consumer goods sales hold up at Unilever
CEO Alan Jope said the Anglo-Dutch company had unlocked new levels of agility in responding to unprecedented fluctuations in demand.The company's shares jumped more than 8% on the news. Lockdowns in our markets and reduced personal care occasions amidst restricted living, led to lower demand for skin care, deodorants and hair care, which each saw volume and price decline, the company said. Second quarter underlying sales growth edged down 0.3% while turnover fell 3.1% compared to the second quarter in 2019 to 13.3 billion euros ($15.4 billion). The company noted that sales of food, ice cream and tea rose as people spent more time at home. Following a review launched in January, Unilever said it will retain its tea businesses in India and Indonesia and separate the company's remaining tea operations into a new business.
Unilever lowers 2020 sales growth forecast on slowdown in south Asia
Consumer goods giant Unilever Plc said on Tuesday it expects sales growth in 2019 to be slightly below its prior expectations, blaming a slowdown in South Asia and weakness in North America. In the company's latest quarterly results, sales in developed markets fell 0.1%, in contrast to a 5.1% rise in emerging markets. In India, Unilever's second-largest market by sales, irregular monsoons have dented rural spending, while a sluggish job market has weakened consumption in urban areas. "Due to challenges in certain markets, we expect a slight miss to our full-year underlying sales growth delivery," Unilever Chief Executive Officer Alan Jope said in a statement. The company said it now expects underlying sales growth for 2019 to be slightly below its previous guidance of sales coming in at the lower half of its 3%-5% forecast range.cnbc.com
Unilever says it wants to halve its use of 'virgin' plastic by 2025
Unilever will halve its use of virgin plastic by 2025, the consumer goods giant said Monday. The business, whose brands include Dove, Ben & Jerry's and Lipton, said it would achieve this by cutting its "absolute use of plastic packaging" by over 100,000 tonnes and "accelerating its use of recycled plastic." The Anglo-Dutch firm also vowed to "help collect and process more plastic packaging than it sells." Unilever's current plastic packaging footprint is around 700,000 tonnes each year. "We have to move products that are currently made from brand new plastic into lighter weight materials that use more recycled plastic," he added.cnbc.com
New Ben & Jerry's flavor highlights criminal justice reform
SOUTH BURLINGTON, Vt. - Justice ReMix'd is Ben & Jerry's newest flavor, but it's more than just delicious. The ice cream company says it's been created with "a sweet swirl of justice under the lid." The idea is to bring awareness to the justice needed when it comes to systemic racism and criminal justice reform. Ben & Jerry's says a portion of the proceeds from the sale of Justice ReMix'd will go to Advancement Project National Office to support their work in criminal justice reform. The special pints are available in stores and in Ben & Jerry's ice cream shops.
Ben & Jerry's founders create Bernie Sanders ice cream flavor
The founders of Ben & Jerry's claim to have the answer, and they've put it inside a new flavor called Hot Cinnamon Ice Cream. It has "one very large chocolate disc on top and a (very stiff) butter toffee backbone going down the middle," according to Sanders' campaign website. The ice cream is not affiliated with the popular ice cream company. Cohen, who is a Sanders campaign co-chair, personally designed the Hot Cinnamon Ice Cream flavor, according to the website. Cohen often jokes that if Sanders is elected president, he will be appointed as "minister of ice cream."