
Breyers is owned by The Magnum Ice Cream Company N.V. (NYSE/ Euronext/ LSE: MICC), an independent publicly traded company formed when Unilever demerged its ice cream division on July 1, 2025. TMICC began trading on December 8, 2025. Founded in 1866 by William A. Breyer in Philadelphia, Breyers was acquired by Unilever in 1993 and is now part of TMICC alongside Ben & Jerry's, Magnum, Wall's, and Cornetto. TMICC is headquartered in Amsterdam, Netherlands, and generated 7.9 billion euros in revenue in 2024.
Parent Company
Acquired
1993
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Breyers | The Magnum Ice Cream Company N.V. | Wholly owned |
Breyers was founded in 1866 by William A. Breyer in Philadelphia, Pennsylvania, making it the oldest manufacturer of ice cream in the United States. The ice cream was originally hand-cranked and made from cream, sugar, fruit, and nuts. William Breyer first sold it to his neighbors from his home and later via horse and wagon on the streets of Philadelphia as demand grew.
By 1882, Breyer had five ice cream shops and a delivery service. He opened a wholesale manufacturing plant in 1896, and Breyer's Ice Cream Company was incorporated in 1908. By 1918, the company was producing one million gallons of ice cream annually.
In 1926, Breyer's Ice Cream Company was sold to the National Dairy Products Corporation, which later became known as Kraft. This ownership change brought Breyers into a larger corporate structure with enhanced distribution capabilities.
In 1993, Kraft sold its ice cream brands to Unilever, bringing Breyers into Unilever's portfolio. Unilever merged the Breyers ice cream brand with Gold Bond and Good Humor ice cream to create the Good Humor-Breyers division. In 1995, Unilever closed its last Breyers plant in Philadelphia, consolidating production into other facilities. The Good Humor-Breyers headquarters were moved to Englewood Cliffs, New Jersey and Toronto in 2007.
In 2013, Unilever introduced frozen dairy desserts under the Breyers brand, made with additional ingredients and less butterfat. This was created to provide lower-calorie products, though it provoked complaints from customers who preferred the brand's all-natural ice cream products. US federal regulations require ice cream products with less than 10% butterfat and milk solids to be labeled as frozen dairy dessert instead of ice cream.
On July 1, 2025, Breyers became part of The Magnum Ice Cream Company when Unilever completed the demerger of its ice cream division. TMICC began trading publicly on December 8, 2025. This transition gave Breyers a parent company entirely focused on ice cream, potentially allowing for more dedicated investment in the brand compared to its position as one of hundreds of brands within Unilever's diversified portfolio.
In January 2026, Breyers launched Sundae Swirls, a new product line designed to deliver a complete sundae experience straight from the freezer. The lineup debuted with four dessert-inspired flavors in 48-ounce tubs at an MSRP of $5.49: Hot Fudge Brownie Sundae, Salted Caramel Truffle, Strawberry Pound Cake, and Chocolate Lava Cake. The product uses a breakthrough technology that ensures thick swirls of sauce in every scoop. Lisa Vortsman, U.S. chief marketing and innovation officer at TMICC, stated that the launch built on Breyers' generational history with sundae traditions.
Also in 2026, Breyers launched collaboration pints with Good Humor, Popsicle, and Almond Joy. The Breyers Good Humor Strawberry Shortcake pint, Breyers Creamsicle pint, and Breyers Almond Joy pint became available at convenience stores including 7-Eleven and Family Dollar at an MSRP of $4.49.
Is The Magnum Ice Cream Company publicly traded?
Yes, The Magnum Ice Cream Company N.V. is publicly traded on Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange under ticker MICC. Trading commenced on December 8, 2025, following the demerger from Unilever. Unilever retained a minority stake of less than 20%, which it plans to sell down over time. Major institutional shareholders include BlackRock, Vanguard, and State Street.
Who owns The Magnum Ice Cream Company?
The Magnum Ice Cream Company is owned by its shareholders, primarily institutional investors and former Unilever shareholders who received TMICC shares through the demerger. Unilever retained a minority stake of less than 20%. The demerger was structured as an in-specie dividend, with one TMICC share issued for every five Unilever shares held. No single shareholder holds a controlling stake.
When was The Magnum Ice Cream Company founded?
The Magnum Ice Cream Company was founded on December 6, 2025, when Unilever completed the demerger of its ice cream division. The company's ice cream business, however, dates back to 1922, when Unilever acquired Wall's. The Magnum brand was launched in 1989. The company's history is tied to Unilever's ice cream division, which built one of the world's largest ice cream businesses over more than a century.
What brands does The Magnum Ice Cream Company own?
The Magnum Ice Cream Company owns Magnum, Ben and Jerry's, Wall's (also known as Ola, Langnese, Algida, and Kibon in different regions), Cornetto, Breyers, Good Humor, Calippo, Twister, and Solero. The company's portfolio spans premium, mainstream, and novelty ice cream segments. Magnum is the company's largest brand by revenue, generating approximately 2 billion euros annually.
What is The Magnum Ice Cream Company's annual revenue?
The Magnum Ice Cream Company reported FY2024 revenue of approximately 7.9 billion euros, based on the financial performance of Unilever's ice cream division prior to the demerger. In Q1 2026, the company reported revenue of 2.1 billion euros, up 3.2% organically. The company has guided for 3% to 5% organic growth over the medium term.
Why did Unilever demerge its ice cream division?
Unilever announced the demerger in March 2024 as part of a broader corporate restructuring under CEO Hein Schumacher. The ice cream division had been Unilever's slowest-growing segment, with organic growth of approximately 2% to 3% compared to 4% to 6% for the rest of the business. Unilever's management believed the ice cream business would perform better as an independent entity with dedicated focus and investment. The demerger was completed on December 6, 2025.
Who is the CEO of The Magnum Ice Cream Company?
Peter ter Kulve is the CEO of The Magnum Ice Cream Company. Ter Kulve previously served as president of Unilever's ice cream division from 2020 to 2025. He has led the transition from a Unilever division to an independent company and has emphasized the advantages of dedicated focus on the ice cream category. The board of directors is chaired by Ian Meakins.
Breyers operates under TMICC's sustainability framework, focusing on responsible ingredient sourcing, environmental stewardship, and ethical business practices in the ice cream industry.
Breyers has committed to using sustainably sourced vanilla and cocoa. The brand's parent company partnered with Symrise to form the "Vanilla for Change" initiative, which leverages technology to improve vanilla harvesting practices and ensure traceability throughout the supply chain. This commitment addresses concerns about vanilla sourcing practices while supporting sustainable agriculture in Madagascar, one of the world's primary vanilla-producing regions.
Breyers maintains an ingredient transparency pledge, known as the Breyers Pledge, committing to 100% Grade A milk and cream, naturally sourced colors and flavors, and sustainably farmed vanilla and cocoa. All Breyers ice cream is made with milk from cows not treated with artificial growth hormones. The brand has faced challenges balancing consumer expectations for all-natural products with regulatory requirements and production realities, leading to consumer feedback when product formulations changed to meet frozen dairy dessert standards.
As part of TMICC's environmental commitment, Breyers participates in broader sustainability programs. The company has received up to 20.9 million dollars in U.S. government funding to lower its carbon footprint through factory modernization, including replacing natural gas boilers with electric boilers and heat pumps at production facilities.
Breyers works with suppliers who meet environmental and social responsibility standards. The company's sustainable sourcing programs extend beyond vanilla to include other key ingredients like dairy, fruits, and nuts. No independent third-party certifications specific to the Breyers brand beyond Rainforest Alliance vanilla sourcing are listed.
Breyers has received recognition throughout its 160-year history for product quality, brand heritage, and market leadership in the American ice cream industry. As a mass-market brand, its accolades are primarily focused on consumer trust and market performance rather than premium product awards.
Breyers has been recognized as America's oldest ice cream manufacturer, a distinction that provides significant brand credibility and consumer trust. This heritage status has been acknowledged by food industry organizations and consumer publications for maintaining consistent quality and brand identity across more than 160 years of operation.
With 498 million dollars in sales in 2022, Breyers ranked fourth among American ice cream brands and was among the world's top 10 most valued ice cream brands. Breyers is positioned as the maker of the number one large sized premium packaged ice cream in the United States.
The January 2026 Sundae Swirls launch received coverage from Morningstar, Refrigerated and Frozen Foods magazine, and Source86, which described the product as a strategic shift toward the premium mix-in category. The launch was noted for its breakthrough technology ensuring thick sauce swirls and its accessible $5.49 price point in the 48-ounce format.
Breyers maintains comprehensive quality control systems and food safety certifications across its manufacturing operations, complying with FDA regulations and food safety standards. The brand has received recognition from consumer organizations for brand trust and reliability, particularly among older consumers who value the brand's consistency and heritage.
These recognitions originate from industry publications, market research firms, and consumer surveys rather than formal awards programs.
Natural vanilla lawsuit settlement (2024 to 2025): Breyers faced a class action lawsuit regarding misleading "natural vanilla" labeling claims. The lawsuit alleged that Breyers Natural Vanilla ice cream contained non-vanilla plant flavors rather than real vanilla extract, misleading consumers who expected natural vanilla ingredients. An 8.85 million dollar settlement was reached in November 2024, with claim forms due by February 19, 2025. The settlement covered consumers who purchased Breyers Natural Vanilla ice cream between April 21, 2016, and August 14, 2024.
Product formula changes and consumer backlash: Breyers has faced significant consumer criticism for transitioning from traditional ice cream formulations to frozen dairy desserts with lower butterfat content and additional ingredients. Many long-time customers expressed disappointment that the brand no longer produced all-natural ice cream, citing changes in taste, texture, and ingredient quality. US federal regulations require products with less than 10% butterfat and milk solids to be labeled as frozen dairy dessert rather than ice cream. Consumer feedback on the 2026 collaboration pints with Good Humor and Popsicle noted similar complaints, with fans wishing the products were real ice cream rather than frozen dairy dessert.
Chocolate Truffle recall (2025): Breyers issued a recall for its Chocolate Truffle ice cream flavor due to packaging mislabeling that affected over 6,000 cases across the United States. The recall was initiated when it was discovered that packaging contained incorrect ingredient information, posing potential risks to consumers with allergies or dietary restrictions.
Frozen dairy dessert classification controversy: Breyers has faced ongoing consumer confusion and criticism regarding the classification of some products as frozen dairy dessert rather than ice cream due to lower butterfat content. This controversy reflects broader industry challenges in balancing regulatory requirements, cost considerations, and consumer expectations for natural products.
Allergen labeling challenges: Like many food manufacturers, Breyers has faced scrutiny regarding allergen labeling and cross-contamination prevention in its manufacturing facilities. The company has implemented enhanced allergen control measures and improved labeling practices to address consumer safety concerns and regulatory compliance requirements.
Supply chain and sourcing transparency: Breyers has faced questions about ingredient sourcing transparency, particularly regarding the origin and processing methods of key ingredients like vanilla and dairy products. The brand has responded with enhanced sustainability programs and certification initiatives to improve supply chain transparency and consumer confidence.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Nestle | United Kingdom (Froneri) | 1928 | Mass market | United states | All Genders | |
| Kraft Heinz | USA | 1872 | Mass market | Global | All Genders | |
| The Magnum Ice Cream Company | USA | 1978 | Premium | Global | All-ages | |
| Unilever | Netherlands | 1959 | Mass market | United kingdom | All Genders |
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