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McCormick and Unilever Foods merger
McCormick's planned combination with Unilever's foods business and the regulatory reviews it faces.
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Unilever plans six regional units and €1 billion of savings for a business without foods
The savings by the end of 2029 partly cover stranded costs from the McCormick foods deal, Unilever said ahead of its Investor Event; it targets 4% to 6% annual underlying sales growth.
UK watchdog targets packet mixes and sauces, not mustard, in McCormick's Unilever deal
The Competition and Markets Authority gave the companies until November 18 to offer remedies for the Schwartz and Knorr overlap, or face an in-depth phase 2 investigation.