The sale could potentially be one of the biggest portfolio overhauls in the Anglo-Dutch giant’s history.
A Unilever logo is displayed outside the head office of PT Unilever Indonesia Tbk. in Tangerang, Indonesia, on Nov. 16, 2021. Tatan Syuflana/AP Photo
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Unilever is in talks to sell its foods business to McCormick & Co., a deal that would put brands such as Hellmann’s mayonnaise and Knorr under new ownership.
In separate statements issued on March 20, both companies confirmed that discussions are underway, while stating that there is no certainty that a deal will be reached.
