Why is Unilever hiving off its food business?
Published on: March 31, 2026, 7:02 p.m. | Source: The Economic Times
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.
