Unilever Spins Off Food Division, Merges with McCormick
Fort Wayne News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Unilevers food division, including brands like Hellmanns and Knorr, is merging with McCormick, creating a $20 billion grocery giant. Unilever shareholders will own 55%, McCormicks 35%, with the deal expected to close by mid-2027. This move comes as food companies face challenges due to changing consumer preferences and inflation. Unilever aims to focus on high-growth brands like Cholula and Maille, while McCormick reports solid earnings, with sales up nearly 2%.
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