Unilever (UL) Reportedly Explores Food Business Spin-Off and Combination with McCormick

Unilever PLC (NYSE:UL) is one of the 12 Best UK Stocks to Buy According to Hedge Funds. On March 19, 2026, Unilever PLC (NYSE:UL) was reported to be in discussions to spin off its food business and combine it with McCormick in an all-stock transaction, according to The Wall Street Journal. The report indicated that the remaining Unilever would focus on its beauty, personal care, and home products segments. McCormick has confirmed it is engaged in discussions with Unilever PLC (NYSE:UL) regarding a poten ...