Ben & Jerry's reportedly explores deal with KKR executive to separate ice cream brand from owner
KKR•Ben & Jerry's founders are reportedly exploring a deal with KKR executive Pete Stavros to separate the ice cream brand from its owner, Magnum. The proposed structure would give rank-and-file employees stock and provide tax benefits.
1. Proposed separation
Ben & Jerry's founders are exploring a deal with KKR global co-head of private equity Pete Stavros to carve out the ice cream business from its owner, Magnum.
2. Employee ownership plan
The discussions involve structuring the business under an employee stock-ownership plan, which would give rank-and-file employees stock while providing the company with tax benefits. Magnum, KKR and Ben & Jerry's did not immediately respond to requests for comment.
