Unilever in talks to sell-off Marmite to the Yanks!
How far down the ingredients list will they stick the chlorinated chicken?!
"FTSE 100 giant Unilever has confirmed it is in talks to offload its foods business, which includes iconic brands like Hellman’s and Marmite.
The mayonnaise-maker said it has received an offer from US seasoning manufacturer McCormick and is now in discussions with the firms." !!!
https://www.cityam.com/unilever-confirms-talks-to-sell-food-arm/
McCormick & Company announces $44.8 billion acquisition of Unilever's food division, creating a seasoning industry leader with brands including Hellmann's and Maille, while Unilever refocuses on beauty and personal care segments in transformative mega-deal valued at 13.8x EBITDA.
Unilever said Tuesday it had agreed a multibillion-dollar deal with US spices maker McCormick & Company to spin off most of the British group's food business, which is currently valued at $44.8bn (€38.95bn).
$MKC missed Q1 EPS by $0.04 — $0.60 vs $0.64 consensus — and is down 8.67% premarket. Revenue landed broadly in line at $1.80B. The culprit: commodity inflation, tariff costs, and ERP timing expenses. The Iran war has reached the grocery aisle. Full-year guidance of $3.05–$3.13 maintained — but the market isn't buying it yet.
#MKC #McCormick #EarningsMiss #ConsumerStaples #IranWar #CommodityInflation #PreMarketMovers
NEW YORK, March 31, 2026 — McCormick & Company (NYSE: MKC) reported Q1 FY2026 results before the bell this morning, delivering an EPS of $0.60 against analyst consensus of $0.64 — a miss of $0.04, or approximately 6.25%, representing a negative EPS surprise of –1.15%. The revenue figure came in broadly in line at approximately
RE: https://fairdinkum.one/@John/116163955041828511
#McCormick’s have sent me a $5 gift certificate after I told them there was something seriously out of whack with the garlic proportion in their spice mix. 🏆
Makes me think I was not alone in getting way too much #garlic in my #Greek seasoning mix. (Yes, I use it regularly. Garlic ratio was wrong this last time)
Tesla awards Elon Musk $29 billion in stock amid compensation battle. What to know
Tesla is awarding Elon Musk around $29 billion in shares as a legal battle looms over a prior…
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