Food Industry 17 February 2026 - 20 March 2026

Unilever PLC Food Business Talks With McCormick Enter Critical Week Ahead of Earnings
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Unilever PLC Food Business Talks With McCormick Enter Critical Week Ahead of Earnings

Unilever shares opened at 4,500 pence in London as talks continue with McCormick over a possible Foods unit deal that could leave Unilever shareholders with a majority stake. The business, which includes Knorr and Hellmann’s, generated about €2.9 billion in operating profit last year. Barclays values the Foods arm at up to €31 billion including debt. McCormick will report first-quarter results March 31.
March 30, 2026
Unilever-McCormick Food Business Talks Could Split Off Hellmann’s, Knorr and Marmite
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Unilever-McCormick Food Business Talks Could Split Off Hellmann’s, Knorr and Marmite

Unilever confirmed it is in talks with McCormick & Co. over a possible sale of its Foods business, which includes Hellmann’s, Knorr, and Marmite. Analysts value the unit at €28–31 billion, making it larger than McCormick’s current market value. Both companies said no terms have been agreed and there is no certainty a deal will be reached. Earlier talks with Kraft Heinz ended without agreement.
March 20, 2026
PepsiCo stock slides as General Mills warning rattles food shares, CAGNY update ahead
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PepsiCo stock slides as General Mills warning rattles food shares, CAGNY update ahead

PepsiCo shares fell 2.8% to $161.28 Tuesday, tracking losses across consumer staples after General Mills cut its annual forecasts and warned of weaker demand. The sector lagged as investors favored tech and banks. PepsiCo launched a new prebiotic cola and confirmed a quarterly dividend of $1.4225 per share. The company will address investors Wednesday at the Consumer Analyst Group of New York conference.
February 17, 2026