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Streets ice cream, including the iconic Cornetto brand, has a deep-rooted history in Australia, originally founded by Edwin ‘Ted’ Street in the 1920s in New South Wales. Today, most Streets products sold in the Australian market are manufactured locally, continuing a long-standing tradition of domestic production. Cornetto itself was invented by an Italian ice cream manufacturer, Spica, in 1959 before being acquired eventually by Unilever.
The brand is currently owned by the multinational giant Unilever, a British-Dutch conglomerate headquartered in London. Unilever is one of the world's largest consumer goods companies, managing a vast portfolio of food, beverage, cleaning, and personal care brands. In the Australian market, the brand is managed by the local subsidiary, Unilever Australia & New Zealand. Despite its global ownership, Cornetto remains a localized staple in the Australian ice cream category, characterized by its signature wafer cone and flavored fillings.
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