Reading Time: 2 minutes Unilever is in talks with McCormick & Company about selling its foods business, in a potential deal that would bring together the British company’s Hellmann’s and Knorr brands with McCormick’s Cholula hot sauce.
Tag Archives Unilever
Unilever in talks with McCormick & Company as it seeks to sell food business
Food companies sell products that are less healthy in poorer countries, says report
Reading Time: 2 minutes The world’s biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report. Products sold by companies including Nestle, Pepsico and Unilever were assessed as part of a global index published by the Access to Nutrition Initiative (ATNI), its first since 2021.
Report says Unilever, Tesco, Nestle ranked top on meat alternatives
Reading Time: 2 minutes London | Reuters – Unilever, Tesco and Nestlé are among the best prepared to capitalise on the trend for plant-based meat substitutes, according to a report from an investor group managing $5 trillion in assets. The report by the Farm Animal Investment Risk and Return (FAIRR) coalition showed 25 major retailers and manufacturers were developing […] Read more
Unilever spreads business whets private-equity appetite
Reading Time: 2 minutes London | Reuters — Anglo-Dutch consumer group Unilever has invited private-equity bidders to submit tentative offers for its US$8 billion margarine and spreads business by a deadline of Oct. 19, two sources close to the matter told Reuters. The business includes the brands Stork and Flora, the latter of which is sold under the name […] Read more
Kraft walks away from ‘friendly’ bid for Unilever
Reading Time: 3 minutes New York | Reuters –– U.S. food company Kraft Heinz withdrew its proposal for a US$143 billion merger with larger rival Unilever, the companies said Sunday, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth — an […] Read more
Austere empire-building weighs on Kraft’s Unilever bid
Reading Time: 3 minutes Reuters — Buyout firm 3G Capital managed to build a consumer empire with a market value of over US$140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz’s US$143 billion bid for Unilever Plc. 3G made its name in corporate America by orchestrating large debt-laden acquisitions […] Read more