Food Industry News
A collection of Food latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Maryland-based spice maker McCormick to combine with Unilever in food industry shake-up
Spice and flavorings company McCormick announced on Tuesday that it's combining with Unilever's foods division, which includes brands like Hellmann's and Knorr. Companies in the packaged food sector have struggled with inflation and changing…
McCormick buys Unilever's food business for $45B
March 31 (UPI) -- McCormick entered into an agreement to purchase the food portion of Unilever for a cash and equity deal that values the company at $45 billion. McCormick will pay $15.7 billion in cash. Unilever's shareholders will own 55.1% of…
The $5 food that clears toxic cancer-causing plastics from the body
READ MORE: Five areas at home where you're most exposed to microplastics A cheap fermented vegetable and staple of Korean cuisine may help in combating a build-up of harmful microplastics linked to heart disease, cancer, inflammation and brain…
Lichfield District Council delays weekly food waste collections
Andia/Universal Images Group/Getty Images Lichfield District Council has failed to get its new weekly food waste collections under way. New rules that came into force on Tuesday require the collections for all homes in England. An earlier BBC…
Unilever's $40 Billion Food Sale Augurs a More Beautiful Future
Unilever Plc's Fernando Fernandez could luck out by selling most of the consumer company's food businesses, including Hellmann's mayonnaise and Knorr stock cubes, to McCormick & Co. But Fernandez, who's has been chief executive officer for just…
New bin rules introducing weekly food waste collections arrive today
New rules for household waste and recycling came into force in England today as an investigation revealed one in four councils are still not ready to provide the service. Households will now separate their waste into a maximum of four different…
Food price rises unlikely before summer, says boss of Sainsbury's
Shoppers will not see food prices rise until at least the summer and Easter will be unaffected by conflict in the Middle East, the boss of Sainsbury's has said, despite fears of an inflation spike. Simon Roberts said it was “too…
Unilever nearing deal worth £11.9bn to merge food unit with US rival McCormick
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Hellmann's maker Unilever has said it is in late-stage…
Marmite maker Unilever nears deal to combine food arm with US condiment giant
Unilever is in advanced talks to combine its food business with US-based McCormick, in a deal including $15.7bn (£11.9bn) cash that would give the Marmite-to-Hellmann's mayonnaise owner majority control of a $60bn food empire. London-listed…
Tariffs, frozen food demand reshape cold chains, Lineage report says
Tariffs, regulation and shifting consumer demand continue to disrupt cold supply chains, according to a survey released by temperature-controlled warehouse operator Lineage. The Cold Chain Insights Survey of 1,000 supply chain decision-makers…
Unilever spins-off food as McCormick megamerger confirmed
Unilever and McCormick join forces to create a $20bn global flavour powerhouse, reshaping strategy for both companies and signalling major implications for the wider food industry.
Bloomberg Intelligence: Unilever Food Arm to Join McCormick in $44.8 Billion Deal
Bloomberg Intelligence Podcast • Browse all episodes Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu -Diana Gomes, Bloomberg Intelligence Senior Equity…
Unilever eyes $60B food empire in landmark deal with McCormick
Unilever has edged closer to make a landmark deal with spice maker McCormick, aiming to combine its food business. The proposed deal is valued at approximately $15.7 billion in cash. The transaction is expected to be structured as a Reverse Morris…
Private Equity's Growing Appetite for Fast Food in Japan
Japan's culinary delights are legendary: Tokyo is home to more Michelin-starred restaurants than any other city on Earth, and millions of tourists a year flock to the country to sample everything from simple dipping ramen to multicourse kaiseki…
McCormick buys Unilever's food business in deal that values it at nearly $45 billion
Spice giant McCormick is buying Unilever's food business, including Hellmann's mayo. McCormick will pay a combination of cash and equity to expand further into condiments and spreads. Unilever plans to focus on its personal care business, which is…
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