Unilever (UL) is in talks to separate its food business and combine it with spice maker McCormick (MKC), according to a report from the Wall Street Journal citing people familiar with the matter.
The move would mark a major strategic shift for Unilever, continuing a broader trend of consumer conglomerates streamlining their operations. If completed, the deal would leave the U.K.-based company focused on beauty, personal-care products, and home goods.
The report said an all-stock transaction could be announced within weeks, though the talks could still fall apart. The exact structure of the potential deal has not yet been determined.
UL closed Thursday's regular trading at $61.51 down $0.84 or 1.35%.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.