Unilever's Food Division Merger Talks with McCormick

0:00On March 20th, Unilever, the company behind brands like Marmite, Dove, and Helmann's mayonnaise, is an early talk to Merge its food division with American Spice Giant McCormick. The food unit, home to names like Noor, generates strong sales and growing markets and could be valued at tens of billions of pounds as part of a stock deal. Unilever has spent years reshaping itself by spinning off its ice cream business last year and selling spreads and most of its tea brands in recent times. Chief Executive Fernando Fernandez wants to pivot to her beauty, personal care, and home products, which he sees as key growth areas amid changing. Consumer habits. No deal is certain yet, but if it happens, Unilever would exit big food rivalries and sharpen its focus on household giants like L'Oreal with shares, already up over 1% on the news.