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Reading: State Funds Drop Unilever After Ben & Jerry’s Israel Clash
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The Wall Street Publication > Blog > Business > State Funds Drop Unilever After Ben & Jerry’s Israel Clash
Business

State Funds Drop Unilever After Ben & Jerry’s Israel Clash

Editorial Board Published September 17, 2021
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State Funds Drop Unilever After Ben & Jerry’s Israel Clash
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Two months after Ben & Jerry’s said it would stop retailing its products in Jewish settlements located in the Israeli-occupied West Bank, several state funds are selling or threatening to sell their investments in Unilever PLC, the ice cream brand’s parent company.

The New Jersey Division of Investment, which manages several state pension funds, said this week it planned to sell $182 million of stocks, bonds and other securities linked to Unilever, accusing the company of breaking state laws that prohibit the boycott of Israel. It didn’t give a time frame for the sale, and Unilever can appeal the decision.

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