Everest
Ice cream manufacturer
Established in 1958 and acquired by Sydney-based investments firm Allegro Funds for $30m in 2017.

Overall

Owned AUS
Rating D
About the Ratings

Company Ownership

Everest Ice Cream Australia Pty Ltd
AUS
Allegro Funds Pty Ltd
owns 100% of Everest Ice Cream Australia Pty Ltd
AUS
Private equity firm
Independently owned Australian fund manager investing primarily in mid-market businesses within Australia and New Zealand. Acquired the master franchise licence for Pizza Hut Australia from its parent company, Yum! Brands in 2016. Acquired Steinhoff International's Australasian general merchandise division in 2019, including the Best & less, Harris Scarfe, Debenhams and Postie retail chains.

Company Assessment

Everest Ice Cream Australia Pty Ltd
Criticism
The PalmOil Scan app, produced by the World Association of Zoos and Aquariums (WAZA), rates companies on their commitment to sourcing sustainable palm oil. Companies are scored on their use of certified sustainable palm oil (CSPO), commitment to sourcing CSPO, on-the-ground conservation action, and membership to the RSPO. Companies can earn a rating of Excellent, Good, Poor or No Commitment. This company is rated "Poor" (retrieved 18 Nov 2023).
Source: WAZA (2023)
Information
This company manufactures or distributes products that are certified organic under the Australian Certified Organic label.
Source: ACO (2022)
This company was a signatory to the Australian Packaging Covenant, a voluntary agreement to encourage waste minimisation. However in 2018 they elected to withdraw from the Covenant and report directly to state jurisdictions under the National Environment Protection (Used Packaging Materials) Measure 2011 (NEPM).
Source: APCO (2024)
Allegro Funds Pty Ltd
Information
UNPRI is a set of six principles direct institutional investors may adopt to consider environmental, social and corporate governance issues when investing. UNPRI is a voluntary agreement.

Company Details

Type:
Private company
Founded:
1958

Contact Details

Address:
14 Plateau Rd, Reservoir, VIC, 3073, Australia
Phone:
03 9460 6588
Website:
www.everest-icecream.com.au

Products / Brands

Everest
Everest Ice Cream