Unilever settles dispute with Ben & Jerry's over Israeli sales
December 23, 2022
(JNS) — Unilever plc announced on Thursday that its legal battle with the independent board of its wholly-owned autonomous subsidiary Ben & Jerry’s, over the brand’s sale of ice cream in Israel, has been resolved.
The Vermont-based ice cream company announced in July 2021 that it would not renew the Israeli franchise agreement for the following year, saying that the sale of its ice cream in Judea and Samaria, commonly called the West Bank, was inconsistent with the brand’s values. This was met with a class-action lawsuit by a U.S. shareholder and countered by moves to divest f...