Unilever sells Ben & Jerry’s Israel business to local licensee
Ben & Jerry’s will be sold under Hebrew and Arabic names
By Yashasvini Razdan
Published - Jun 29, 2022, 07:00 PM ET
Last Updated - Jul 18, 2023, 04:52 PM EDT
Unilever (NYSE: UL) has sold its Ben & Jerry’s business interests in Israel to Avi Zinger, the owner of American Quality Products Ltd (AQP), the current Israel-based licensee.
Unilever announced the news on its company blog. Unilever’s sale to Zinger effectively overrides the decision by Ben & Jerry’s independent board to stop its sales in the territory that has been occupied by Israel since the Six-Day War in 1967, last summer.
Board chair, Anurandha Mittal was seen as being behind the original decision to pull out of Israel. The board is likely to meet soon to discuss the issue.
