# The hurried effort by Unilever to become a pure-play health, well-being and beauty outfit by offloading food operations to US ingredients group McCormick is.

*business · news · 2026-04-10 · Daily Mail Online*

## Key points

- Unilever's food business sale to McCormick excludes Hindustan Unilever, Nepal, and Portugal operations.
- Unilever shareholders will own 55% of the new food company but have no vote on the deal.
- Unilever is not required to disclose transaction details like advisers' fees or directors' dealings to shareholders.
- The deal uses a Reverse Morris Trust structure, allowing Unilever to avoid major tax liabilities.

**Companies:** Unilever, McCormick, Hindustan Unilever
**Countries:** United Kingdom, United States, India, Nepal, Portugal

[Read the full story on Daily Mail Online](https://www.dailymail.co.uk/money/markets/article-15722993/ALEX-BRUMMER-Unilever-investors-sold-short-sell-off.html)

---

Canonical: https://newsio.io/n/a43024e2-cb07-4d9b-a6e0-4605642d2137/the-hurried-effort-by-unilever-to-become-a-pure-play-health-well-being-and-beaut
Summarized by Newsio from Daily Mail Online. https://newsio.io/how-it-works