Ice cream
The largest ice cream company in the world. Spun off from Unilever in 2025.
Company Assessment
(Last updated Dec 2025)
Praise
Criticism
Information
The Magnum Ice Cream Company Holdco Netherlands B.V
Praise
Criticism
Information
Rainforest Alliance certified products
This company uses Rainforest Alliance certified cocoa in its chocolate for Magnum ice cream products. However this only represents a fraction of this company's total sales. Rainforest Alliance certification has been dubbed 'Fairtrade light' by critics, as it offers producers no minimum price for their crop.
Source: Rainforest Alliance
(2025)
Sustainability claims
This company has sustainability claims on its website under the headings Climate, Responsible Sourcing, Packaging, Social Strategy, and Nutrition and Responsible Marketing.
Source: company website
(2025)
Dispute with Ben & Jerry's
In 2025 Ben & Jerry's co-founder Jerry Greenfield left the ice cream brand after 47 years, saying that the independence it once had to speak up on social issues has been stifled by parent company Unilever. When Unilever spun off its ice cream business including Ben & Jerry's into a stand-alone company called The Magnum Ice Cream Company, Ben & Jerry's founders renewed their push for Ben & Jerry's to be allowed to become an independently owned company again, saying in a letter to Magnum's board that they don't believe the brand should be part of a corporation that doesn't support its founding mission. However Magnum CEO said "The business is not for sale. It's fully integrated in Unilever, in the Magnum Ice Cream Company." Unilever and Ben & Jerry's have been at odds since at least 2021 when the ice cream maker said it would stop selling in the Israel-occupied West Bank.
Source: Reuters
(2025)
Company Details
Type:
Public company
Founded:
2025
Revenue:
7.9 billion EUR
(2024)
Subsidiaries:
Magnum ICC Australia Pty Ltd
Ice cream
Australian ice cream company founded in 1920 and acquired by Unilever in 1960. Unilever spun off its ice cream business in 2025, creating The Magnum Ice Cream Company, the new parent company of Streets. Local manufacture at their Minto facility in South-West Sydney.
Weis Australia Pty Ltd
Frozen desserts manufacturer
Ice cream and frozen dessert manufacturer founded in 1957 by Les Weis. Owned by the founding family until 2017 when the company was sold to Unilever. In November 2019 Unilever announced it will close Weis' manufacturing site in Queensland with 93 jobs to go. In 2025 Unilever spun off its ice cream business, including Weis.