The Magnum Ice Cream Company

What The Magnum Ice Cream Company does

The Magnum Ice Cream Company is the world's largest pure-play ice cream business, operating across more than 80 countries with 21% global market share and FY2025 revenue of €7.9 billion. It was created through the demerger of Unilever's ice cream division, completing its spin-off and simultaneous listing on Euronext Amsterdam, the London Stock Exchange, and NYSE on December 8, 2025 under ticker MICC at approximately €7.8 billion valuation, with Unilever retaining a 19.9% minority stake. The company owns a portfolio of iconic brands including Magnum, Ben & Jerry's, Cornetto, Wall's, Talenti, Popsicle, Yasso, Breyers, Klondike, Good Humor, and Kwality Wall's, spanning super-premium, premium, and accessible price tiers.

The business manufactures ice cream products through 30 factories and 12 R&D centers globally, supported by approximately 16,500 employees, and distributes through supermarkets, convenience stores, club retailers (including Sam's Club exclusive SKUs), foodservice operators, and emerging vending partnerships. Revenue is generated primarily through product sales, supplemented by brand licensing royalties (e.g., Popsicle Hard RTD beverages with Tilray Brands). Post-demerger, IT infrastructure is being rebuilt through a multi-year partnership with HCLTech deploying its AI Force platform for autonomous IT operations (NoOps). The business is expanding aggressively in India — currently a ~$200 million market growing 50%+ — through the completed Kwality Wall's acquisition, with plans to grow from one to four factories and deploy one million cold cabinets.

Q1 2026 revenue was €1.77 billion, down 1.2% year-over-year due to a -5.5% foreign exchange impact, though organic sales growth of 4.5% continued. Reported share price has declined approximately 14-16% YTD post-listing amid concerns over free cash flow, GLP-1 weight-loss drug demand erosion, and cold-chain execution risks, with short interest around 19%. The company is reportedly attracting private equity interest from Blackstone and CD&R as of May 2026.

Name

The Magnum Ice Cream Company

Legal name

The Magnum Ice Cream Company Holdco Netherlands B.V.

Website

https://corporate.magnumicecream.com/en/home.html

Company type

Public

Founded year

1864

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

The Magnum Ice Cream Company is the world's largest pure-play ice cream business with 21% global market share, operating iconic brands including Magnum, Ben & Jerry's, Cornetto, and Wall's across 80+ countries through retail, foodservice, and emerging vending channels.

Ownership category

akta.pro rank

Product category

Ice Cream and Frozen Desserts

NAICS

Ice Cream and Frozen Dessert Manufacturing (311520), Ice Cream and Frozen Dessert Manufacturing (31152)

SIC

Ice Cream & Frozen Desserts (2024), Dairy Products (2020)

akta.pro primary industry

Ice Cream & Refrigerated Desserts (CRADACAE)

akta.pro secondary industries

Frozen & Refrigerated Snack Foods (Ice Cream Novelties, Snack Bites) (CRADABAL), Ice Cream, Frozen Desserts & Novelties Manufacturing (AFAKAKAE)

Keywords

• Ice cream products
• Frozen dessert manufacturing
• Premium ice cream brands
• Ice cream distribution
• Frozen confections

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Ice Cream Product Sales: Revenue generated from manufacturing and selling ice cream products across multiple channels including retail (supermarkets, convenience stores), foodservice (restaurants, cafes), and direct-to-consumer (vending machines, events). Products sold under iconic brands including Magnum, Ben & Jerry's, Cornetto, Wall's, Talenti, Popsicle, Yasso, and others across 80+ markets globally.
2. Brand Licensing (Popsicle RTD Beverages): Licensing of Popsicle brand to Tilray Brands for ready-to-drink alcoholic beverages in the US market. Tilray manufactures and distributes the products with Magnum receiving royalty income from the licensing arrangement.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

The Magnum Ice Cream Company manufactures, markets, and distributes a globally diversified portfolio of branded ice cream and frozen dessert products under iconic labels including Magnum, Ben & Jerry's, Cornetto, Wall's, Talenti, Popsicle, Yasso, Good Humor, Breyers, and Klondike. The company operates 30 manufacturing facilities and 12 R&D centers across 80+ countries, selling primarily through retail grocery, club and wholesale, foodservice, and emerging vending channels, while also generating brand licensing income through partnerships such as Popsicle Hard alcoholic ready-to-drink beverages with Tilray Brands.

Product overview

The Magnum Ice Cream Company operates a diversified portfolio of ice cream brands spanning multiple market segments. The company offers a platform of iconic brands including Magnum (premium ice cream bars known for indulgence), Ben & Jerry's (super-premium ice cream with social mission), Cornetto (classic cone with chocolate tip), and Wall's (including Solero, Twister, Calippo, Viennetta). Additional brands include Talenti (gelato), Popsicle (frozen pops), Yasso (frozen Greek yogurt), Good Humor, Breyers, and Klondike. Through its acquisition of Kwality Wall's, the company has established presence in the Indian market. The portfolio also extends into adjacent categories through licensing partnerships such as Popsicle Hard alcoholic beverages with Tilray Brands.

Differentiator

Problem solved

Functional benefit

Brands

• Magnum: Premium ice cream bar brand renowned for pleasure and decadence, featuring chocolate-coated ice cream in multiple variants including the Bonbon range.
• Ben & Jerry's
• Cornetto
• Wall's
• Talenti
• Popsicle
• Yasso
• Kwality Wall's
• Dubai Chocolate Bars

Products and services

• Magnum Premium ice cream bar brand renowned for indulgence and chocolate-coated ice cream decadence, including the Magnum Bonbon portion-control range targeting GLP-1 users. Sold globally through retail and foodservice channels.
• Ben & Jerry's Pioneering super-premium ice cream brand with a three-part social, product, and economic mission. Known for chunky mix-ins, colorful packaging, and an activist social stance. Includes Peaces portion-control products for GLP-1 users.
• Cornetto Iconic ice cream cone brand with over 60 years of history, combining creamy ice cream, crunchy cone, and chocolate tip. A global bestseller.
• Wall's British ice cream brand with over 100 years of history. Includes sub-brands such as Solero (creamy and fruity), Twister (twisting swirls), Calippo (beach moment joy), and Viennetta (iconic ice cream cake).
• Talenti Premium Italian-style gelato and sorbet brand offering differentiated super-premium frozen desserts.
• Popsicle Classic frozen ice pop brand, including licensed Bluey-themed varieties and Popsicle Hard ready-to-drink alcoholic beverages (5% ABV) manufactured and distributed by Tilray Brands under license.
• Yasso Frozen Greek yogurt brand offering spoonable pints and bars with high protein content as a healthier alternative to traditional ice cream, targeting health-conscious consumers.
• Kwality Wall's Leading Indian ice cream brand (formerly part of Hindustan Unilever), now majority-owned (61.9%) by The Magnum Ice Cream Company as a listed Indian subsidiary. Transitioning from vegetable-fat frozen desserts to dairy-based ice cream with plans to expand from one to four factories nationally.
• Good Humor US novelty ice cream bar brand, available in the United States market and included in the Magnum-branded vending machine partnership with Mini Melts USA.
• Breyers Ice cream brand in The Magnum Ice Cream Company's portfolio, primarily distributed in the US market.
• Klondike Ice cream bar brand in The Magnum Ice Cream Company's portfolio, primarily distributed in the US market.
• Dubai Chocolate Bars Premium ice cream novelty bar featuring pistachio ice cream with kadayif pieces coated in milk chocolate, translating the viral Dubai chocolate trend into a frozen novelty format. Distributed through Giant, Albertsons, Hannaford and HyVee (3-count option) and Sam's Club (exclusive 12-count box).
• Magnum-branded Vending Machines (with Mini Melts USA) Strategic distribution partnership with Mini Melts USA to deploy Magnum-branded vending machines across the United States, carrying products including Good Humor novelty bars, Ben & Jerry's ice cream pints, and Mini Melts signature beaded ice cream. Targeting high-traffic entertainment venues, transit hubs, and retail areas.

Quantifiable outcome

• 4.2% organic sales growth in FY 2025
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• PIM BrandsminorStrategic or Co-development Partner · 1 January 2027Planned 2027 partnership to introduce Creamsicle Candy Twists made with natural colors and non-GMO ingredients, leveraging PIM Brands' manufacturing capabilities and Magnum's brand portfolio in the confectionery-ice cream crossover category.
• Mini Melts USAcoreChannel Partner/ Reseller/ Distributor · 12 May 2026Strategic distribution partnership to deploy Magnum-branded vending machines across the United States, launching in Summer 2026. Vending machines carry products from Magnum's portfolio including Good Humor novelty bars, Ben & Jerry's ice cream pints, and Mini Melts' signature beaded ice cream. Targets high-traffic locations such as entertainment venues, transit hubs, and retail areas to expand both companies' market presence.
• Tilray BrandscoreOEM/ Whitelabel/ Licensing Partner · 26 March 2026Licensing partnership to launch Popsicle-branded ready-to-drink alcoholic beverages in the US market. Initial Popsicle Hard range features three 5% ABV flavoured malt beverages (Hard Cherry, Hard Orange, Hard Grape) as variety packs, with Firecracker launching May 2026. Tilray handles manufacturing and distribution through major US retailers including Walmart, Kroger, Albertson's, Safeway, Food Lion, Ingles, and Buc-ee's, targeting consumers aged 21 and over.
• HCLTechcoreTechnology or Integration · 12 January 2026Multi-year strategic partnership where HCLTech deploys its AI Force platform to build and manage Magnum's greenfield IT infrastructure. The partnership enables transition from Unilever's AIOps to a NoOps operating model with zero-touch automation and predictive analytics, supporting Magnum's independence from Unilever's Transition Service Agreement while establishing scalable AI-led digital operations for the newly listed company.

Scale indicators8 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Unilever: Unilever is Magnum's former parent and retained a 19.9% stake post-demerger; it remains a broad CPG incumbent in adjacent categories and continues to compete in ice cream-adjacent frozen foods, snacks, and foodservice globally.

Direct peers

• Froneri: Froneri is a major global ice cream manufacturer producing brands like Cadbury ice cream, Oreo, Toblerone, and Nestlé partner brands in joint venture with Nestlé, directly competing in the same frozen novelties and tub categories as Magnum.
• Wells Enterprises (Blue Bunny): Wells Enterprises is one of the largest US-based ice cream manufacturers (Blue Bunny, Bomb Pop), competing directly with Magnum's Good Humor, Klondike, and Breyers brands across US retail and foodservice.
• Dairy Queen (Berkshire Hathaway): Dairy Queen is a global ice cream and frozen dessert QSR chain; it competes directly with Magnum brands at the point of consumption and has historically been a customer/supplier relationship with Unilever, making it a key strategic peer.
• General Mills (Häagen-Dazs joint venture): General Mills is part of the Häagen-Dazs joint venture in North America and also owns Yoplait/Yasso-equivalent frozen yogurt and other frozen treats; it competes directly with Ben & Jerry's and Magnum premium offerings in US grocery.
• Nestlé (Ice Cream Division): Nestlé's ice cream business (including Häagen-Dazs, Drumstick, Outshine, Skinny Cow) is the closest direct competitor globally, operating across similar premium and accessible tiers, channels, and geographies with overlapping brand portfolios.

Emerging players

• Tillamook County Creamery Association: Tillamook is a premium dairy brand that has expanded into ice cream, competing with Ben & Jerry's and Häagen-Dazs in the super-premium US tier with strong regional brand equity and a co-op ownership model.
• Turkey Hill Dairy: Turkey Hill is a US regional ice cream and frozen dairy dessert brand with private-label capabilities; it competes in mid-tier US grocery channels adjacent to Breyers, Klondike, and store-brand tubs.

Regional players

• Havmor Ice Cream: Havmor is a top Indian ice cream brand recently acquired by South Korean Lotte Confectionery, competing directly with Kwality Wall's and Vadilal in India with strong regional presence.
• Amul: Amul is India's largest dairy cooperative and dominant ice cream brand; it is a primary regional competitor for Kwality Wall's in India with deep local distribution, dairy sourcing, and pricing power.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Magnum Ice Cream Company