Unilever CEO defends food deal saying staff ‘not paid to be lazy’ ⊖
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a story from Financial Times ✅ › Financial Times
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Unilever
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52 days ago
Fernando Fernández argues $66bn combination of its food business with McCormick is right step despite upheaval
71 days ago
Magnum Ice Cream stock soars 18% after report of potential private equity takeover ⊕
It comes just six months after Magnum Ice Cream Company spun off from Unilever to create the world's largest standalone ice cream maker.
3 months ago
ALEX BRUMMER: Unilever investors are being sold short in sell-off ○
Investors in Unilever will end up owning 55 per cent of the offloaded food company to be run by McCormick. But they are not getting any say on a deal.
Unilever’s $16 billion move shows a shift is happening in consumer products ⊖
The tie-up between Unilever and McCormick highlights a shift in strategy among consumer goods companies that prioritizes dominating specific categories
McCormick buys Unilever's food business in deal that values it at nearly $45 billion ⊕
McCormick will pay a combination of cash and equity to expand further into condiments and spreads.
Unilever enforces global hiring pause due to 'significant challenges' amid Middle East conflict ⊖
The Middle East conflict is impacting several sectors as supply chain disruptions and inflationary pressures are expected to push costs higher.
Unilever nears deal to merge food business with spice maker McCormick ○
The potential deal that would deliver roughly $15.7 billion in cash to the consumer goods giant.
Unilever nears deal to combine food division with spice maker McCormick ⊕
Move will transform Hellmann’s mayonnaise maker from multi-category conglomerate into beauty and personal care company
4 months ago
Marmite maker Unilever in talks to merge food business with US-based McCormick ⊕
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a story from The Guardian ⚠️ › International
Group, which also owns Dove and Hellmann’s, will focus more on personal care products if deal agreed
Unilever, the owner of Marmite, Dove and Hellmann’s mayonnaise, is in talks to combine its food bus…
Unilever in talks to sell food division to spice and sauce maker McCormick ⊕
Consumer goods giant considers offloading unit worth tens of billions of dollars as it pivots to beauty and personal care