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McCormick Eyes London Listing After Unilever Deal

Wall Street Journal Markets •
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The proposed combination with Unilever’s foods business should close by mid‑2027, McCormick said. The maker of spices and seasonings said Thursday that it would seek a secondary listing on the London Stock Exchange following a planned merger with Unilever’s foods business. The London listing would come in addition to its current listing on the New York Stock Exchange.

The proposed combination with Unilever’s foods business—expected to create a company valued at more than $65 billion, including debt—should close by mid‑2027, McCormick said. Unilever’s deal with the U.S.’s McCormick is part of the London-based company’s larger strategy shift toward honing in on beauty, personal‑care and home products.

The London listing would allow McCormick to tap into European capital markets and provide investors with greater liquidity. The company’s dual presence on the NYSE and LSE will broaden its shareholder base and support the growth trajectory of the merged entity.

Updates to follow as the transaction progresses and regulatory approvals are secured. The merger will likely reshape the global food and personal‑care landscape, offering synergies across supply chains and product portfolios.