Tag: $Unilever

McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the two food companies announced.

Unilever (ULVR) is in talks to sell its foods business to smaller rival McCormick & Company (MKC.N),  potentially marking a major shift for the British ‌consumer goods company as it seeks to focus on higher-growth household and personal care businesses.

Magnum Ice Cream Company debuted on the Amsterdam stock exchange on Monday, completing its long-awaited spinoff from Unilever as it looks to reinvigorate growth amid challenges from high-profile public spats with Ben & Jerry’s.

Unilever beat estimates for first-quarter underlying sales growth on Thursday, helped by price increases and strong demand for its premium products, and said it expected the direct impact of tariffs to be limited.

Unilever has ousted chief executive Hein Schumacher after less than two years, replacing him with chief financial officer Fernando Fernandez as the consumer goods group steps up efforts to revive its fortunes.

Unilever on Thursday confirmed plans to spin off the brand and the rest of its ice cream business as a stand-alone company, choosing Amsterdam over London and New York for its primary listing.

Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring plan.

New York Community Bancorp is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock and a decision by Moody’s to cut the bank’s credit rating to junk.