Unilever in Talks to Sell Food Arm to McCormick as It Repositions to Beauty
Unilever is negotiating a multibillion-dollar sale of its food division to McCormick, including Marmite, Hellmann’s, Knorr and Pot Noodle, as it pivots toward beauty and personal care; the deal could use a Reverse Morris Trust and be funded with stock and cash, with Unilever possibly taking a minority stake, but there is no certainty a deal will close.