Posted on 01/19/2022 10:26:27 PM PST by Impala64ssa
Unilever has lost 26 billion dollars since announcing its boycott of Judea and Samaria.
Half a year after notifying Avi Singer, the owner of Ben & Jerry’s Israel, of the termination of the company’s contract with him due to his refusal to boycott Judea and Samaria, Unilever shares are in an unprecedented dive.
Within six months, the company’s stock plunged 20.7%, translated into a 26-billion-dollar loss. For comparison, the stock of major competitor Nestle has risen 5% in the last six months.
Israel’s Ministry of Foreign Affairs and Jewish communities abroad, who are currently waging a wide-ranging struggle against Unilever Global, can claim credit for this achievement.
Through cooperation with 33 U.S. states that enacted anti-boycott laws against Israel, the Ministry of Foreign Affairs and Jewish communities have managed to trigger the anti-boycott laws against Unilever that led to the withdrawal of investments, holdings and pension funds.
These states include New York, New Jersey, Illinois, Texas, and Arizona.
Upon news of the stock dive Wednesday, Singer said that “this is a tremendous boost to the dogged struggle I am waging these days against Unilever’s unfounded demand not to sell ice-cream in all parts of Israel.”
Singer thanked the citizens of Israel who “continue to support the Israeli plant that employs 169 people in the periphery.”
He called on Israel to impose immediate sanctions on Unilever, which operates without interruption in Israel and receives unprecedented regulatory benefits. “It is not possible that on the one hand, Unilever will boycott Israel, and on the other hand, the IDF will continue to purchase products worth millions of shekels a year from the company,” he said.
Unilever was on the Simon Wiesenthal Center’s “Global Anti-Semitism Top Ten List” for 2021. From the outset, SWC labeled the boycott “a purely political act.”
The boycott was pushed forward by its board chairwoman, Anuradha Mittal, an anti-Israel activist with a track record of endorsing the BDS movement and defending the Hezbollah and Hamas terrorist groups. Mittal was named ‘antisemite of the year’ by watchdog group StopAntisemitism.org.
“Like other anti-Israel boycotts, Arab, as well as Jewish employees living in the Holy Land, will be the ones to suffer the consequences. But Ben & Jerry’s doesn’t care. Their decision to plow profits from its products in order to brand Jews as occupiers in their own land flies in the face of the historic Abraham Accords which has seen Israel and Arab nations embrace peace, mutual respect, and expanding economic relations,” SWC warned.
“Beyond its anti-peace action, Ben & Jerry’s boycott represents a danger to Jews everywhere at a time of surging antisemitism.”
In December, the SWC made its case directly to the Illinois Investment Policy Board to divest from Unilever based on state law and ethics. The Board voted unanimously to put Unilever on the divestment list. Illinois joined other states, with divestments already reaching hundreds of millions of dollars.
You mess with my Jewish brethren, you mess with me.
Glad it is hitting them in the pocketbook!
Never ate Ben & Jerry’s and after this stunt, I never will. They can go out of business for all I care. Go woke, go broke, morons!
It might make sense to boycott B&J, but why Unilever? What does Israel expect Unilever to do? Sell B&J? Make a payoff to Israel to "compensate" them for not being able to buy B&J's crappy ice cream?
I've never had any B&J's ice cream in my all life. I don't feel I missed anything.
I get cheap Kroger ice cream for $1.99/48 0z. If you want high fat content get Häagen-Dazs. Occasionally I can get it on sale for $3/14 oz.
26 is the gematria of יְהוָה YHVH, uh oh...
I don’t need to eat anyone’s expensive liver and pancreas and fat-creating icy creamy mountain of sugar.
Read this later.
Awwah. that’s too bad. /s
OY VEY, they didn’t learn their lessons
Don’t mess with Texas or its friend Israel!!!
Why B&J still have the OU Orthodox Union Kosher
symbol on their cartons?
B&J is a pimple on Unilever. I cannot imagine people widely boycotting Unilever over this, especially because they are heavy in Europe which isn’t very favorable toward Israel. They have 400 brands and annual sales over 50 billion Euro.
Interesting question. Doesn’t sound very well thought out
does it.
We do owe Ben & Jerry a little something for taking two big liberal premises and sinking them lower than the Titanic with the same move. Around 2000 they had a contest that anyone could be a CEO. They also went with the libmeme that no CEO should make more than 5x the lowest paid employee. They took those flawed ideas from the theoretical to reality. Within a year, the “any idiot” idea failed big time. They had to hire a real CEO at going market prices or lose their company.
UL’s stock has tanked not because of some kind of ice cream boycott but rather because “the street” hasn’t like what’s been happening with its bid to take over GlaxoSmithKline’s (GSK) consumer arm (Sensodyne tootpaste etc).
Wally World has damn good ice-cream in many flavors for $1.97 48 oz carton.
I don’t know who is making it for them but it is as good as any of the major brands.
On Tuesday, GlaxoSmithKline refused a $68 billion bid by Unilever for GSK's Consumer Healthcare business.
Investors were concerned that Unilever would increase their bid for that business, which many investors already thought was significantly over priced.
On Wednesday, Unilever stated they would not increase their bid, and Unilever USA-ADR stock recovered about half its loss from the previous day.
Regards,
Good for you. No question ice cream is bad for you. I’m working on trying to gain weight. I was sick for about 2 years and I unintentionally lost 60 lb. I want get at least 30 lb heavier than I am now. My endocrinologist told me I should have 4 servings of dairy per day because I have thinning bones. She said specifically that I should eat ice cream.
“These states include New York, New Jersey, Illinois, Texas, and Arizona.”
What an amazing alliance of states!
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