Unilever is merging its food business with spice maker McCormick in a massive $65 billion deal. This move aims to reshape the company's focus. Unilever's food division faces challenges from changing consumer habits and market saturation in developed regions. The deal excludes operations in India, Nepal, and Portugal. This significant transaction is set to create a new entity.
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Syndicated article · via economictimes.indiatimes.com
Why is Unilever hiving off its food business?
Unilever is merging its food business with spice maker McCormick in a massive $65 billion deal. This move aims to reshape the company's focus. Unilever's food division faces challenges from changing consumer habits and…
