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New Jersey moves to divest from Ben & Jerry’s, parent firm over settlement BDS

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yesterday

WASHINGTON — New Jersey announced Tuesday that it had moved to become the second US state to divest funds from Ben & Jerry’s along with its parent company Unilever over the ice cream firm’s decision to cease sales in Israeli settlements.

The director of the New Jersey Division of Investment penned a letter to Unilever CEO Alan Jope earlier this month notifying him that the state’s review of Ben & Jerry’s July boycott decision reached a preliminary conclusion that the ice cream firm had triggered local laws requiring divestment from firms that boycott Israel.

While Ben & Jerry’s sought to differentiate between Israel, where it expressed a desire to continue its business, and the “Occupied Palestinian Territories” that it said it would boycott, the New Jersey review determined that the latter position was akin to boycotting Israel according to state law.

In only reaching a preliminary conclusion, New Jersey authorities give Unilever 90 days to convince Ben & Jerry’s to walk back the announcement before the........

© The Times of Israel


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