Unilever’s Israel Boycott Said To Cost Company $26 Billion

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JERUSALEM (JNS) – Unilever’s stock has plunged 20.7% in the six months since it informed Avi Singer, the owner of Ben & Jerry’s Israel, that his contract was over unless he stopped selling the company’s ice cream in Judea and Samaria.

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That amounts to a $26 billion loss, according to Channel 12 News, which first reported on the story.

The loss stems from the withdrawal of investments, holdings and pension funds by dozens of states who have anti-boycott laws in place, such as New York, Illinois and Texas.

“This is a tremendous boost to the dogged struggle I am waging these days against Unilever’s unfounded demand not to see ice cream in all parts of Israel,” said Singer, according to the report.

The ice cream manufacturer announced in July that it would be ending sales of its ice cream in “occupied Palestinian territory.”

The decision sparked backlash both from the Israeli government and Jewish organizations worldwide, with Israeli Prime Minister Naftali Bennett stating that Ben & Jerry’s had “decided to brand itself as anti-Israel ice-cream.”

Bennett took the matter up with Unilever CEO Alan Jope, telling him July 20 that the Jewish state was taking the move very seriously and warning that there would be “severe consequences … [Israel] will take strong action against any boycott directed against its citizens.”

Israeli Ambassador to the United Nations Gilad Erdan announced the same day that he had written to 35 U.S. governors noting that the decision by Ben & Jerry’s violated individual states’ anti-BDS legislation.

“It doesn’t pay to boycott Israel,” tweeted Israeli Interior Minister Ayelet Shaked in response to the news of Unilever’s loss, quoting Genesis: “I will bless those who bless you, And I will curse him who curses you.”


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8 Comments
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Wilbur
Wilbur
2 years ago

That’s a pretty penny!
Suppose they reverse their previous position, would the boycott reverse too? Would they ever recoup that astronomical loss? I hope not. I hope it hurts them very hard. Let others learn from it too!

Democrats support Jew haters and terrorists.
Democrats support Jew haters and terrorists.
2 years ago

Good, may they lose billions more.

Ari
Ari
2 years ago

They should be sued by their shareholders for abandoning their fiduciary responsibility.

C L
C L
2 years ago

It’s a buying opportunity. The short-term excess of supply will temporarily lower the price, but Unilever’s fundamentals are still as solid as ever. Expect a reversion to the mean. Most Unilever shareholders are in it for the dividends and don’t pay attention to price fluctuations anyways.

Kollelfaker
Kollelfaker
2 years ago

Andy yet they’re doing nothing May they keep losing big time
Time for corporations to do business and stay out of politics

anon6
Trusted Member
anon6
2 years ago

haven’t bought Ben & Jerry’s since then, don’t miss it. Haagen Dasz is better anyway!

C L
C L
2 years ago

Just shows the power of the Jewish Lobby.

Aviva Cohen
Aviva Cohen
2 years ago

Its unilevers problem for being so stubborn and realize they made a huge adverse impact by not sellling to Judea and Samaria.
Had they issued right away a proclamatuon of regret and announce that not only are they selling to those in Judea and Samaria , but that those residents will receive a 10 % discount on purchase of Ben n Jerry in honor of their bravery.