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From: Aman Sharma
Sent: Monday, March 23, 2026 3:02 PM
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Spice maker McCormick is combining with Unilever's food division - ABC News Shop
Spice maker McCormick is combining with Unilever's food division
Spice and flavorings company McCormick is combining with Unilever’s foods division, which includes household names like Hellmann’s and Knorr
NEW YORK -- Spice and flavorings company McCormick announced on Tuesday that it’s combining with Unilever’s foods division, which includes household names like Hellmann’s and Knorr.
The combined company will maintain McCormick’s name and leadership. But upon closing, Unilever and its shareholders are expected to own 65% of the food company's outstanding equity, amounting $29.1 billion. Unilever would also get $15.7 billion in cash. Meanwhile, McCormick shareholders will own 35.0%.
Unilever and McCormick confirmed they were in talks about a deal earlier this month, with Unilever attempting to streamline its business and focus on beauty and personal care products.
McCormick and its red-capped array of spices is a $15 billion company and the stable of brands it’s adding from Unilever are worth billions more. The companies said on Tuesday that McCormick and Unilever would have a combined revenue of $20 billion for the 2025 fiscal year.
The transaction is expected to close by mid-2027, the companies said Tuesday, pending both shareholder and regulatory approval. The deal excludes Unilever’s food business in India, Nepal and Portugal.
McCormick CEO Brendan Foley said in a prepared statement that the deal “accelerates McCormick’s strategy and reinforces our continued focus on flavor.” He added that McCormick has “long admired Unilever’s foods business, which has a “portfolio that complements our existing business, capabilities and long-term vision.”
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Unilever, which is based in London, was founded nearly a century ago when Dutch margarine maker Margarine Unie merged with British soap maker Lever Brothers. The conglomerate now makes dozens of different brands, including Dove soap, Vaseline, Hellmann’s mayonnaise, Liquid I.V. hydration, Axe body spray and Pepsodent toothpaste.
In 2024, Unilever announced it was spinning off its ice cream business, which included the Ben & Jerry’s, Magnum and Breyers brands. That business became the Magnum Ice Cream Co., which is based in Amsterdam. Last year, Unilever sold The Vegetarian Butcher, a plant-based meat brand, and Graze, a healthy snacking brand.
McCormick, based in Hunt Valley, Maryland, has been expanding its portfolio to take advantage of consumers’ growing interest in global flavors and sauces. The 137-year-old company bought Reckitt Benckiser’s food division — including the French’s mustard and Frank’s RedHot sauce brands — in 2017. In 2020, it bought Cholula, a Mexican hot sauce brand.
Shares of both comp
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ROYAL CARIBBEAN GROUP ENHANCES TRAVEL LOYALTY, PARTNERS WITH BANK OF AMERICA TO LAUNCH ROYAL ONE™ AND ROYAL ONE PLUS™ CREDIT CARDS Accessibility Statement Skip Navigation Search Search When typing in this field, a list of search results will appear and be automatically updated as you type. Searching for your content...
The new cards, created with Visa, offer simplified, flexible rewards across Royal Caribbean, Celebrity Cruises, and Silversea – unlocking even more value with every vacation
Royal Caribbean Group and Bank of America launch the cruise industry's first tri-branded credit cards, enabling travelers to earn and redeem rewards across Royal Caribbean, Celebrity Cruises, and Silversea.
New Royal ONE™ and Royal ONE Plus™ cards accelerate rewards earnings on everyday spending and cruise vacations, with flexible redemption across Royal Caribbean Group's portfolio of vacation experiences, no foreign transaction fees, and meaningful travel perks.
The cards advance Royal Caribbean Group's broader efforts to reimagine loyalty and unlock more value across its leading brands.
MIAMI, March 31, 2026 /PRNewswire/ -- Today, Royal Caribbean Group (NYSE: RCL) and Bank of America announced the upcoming launch of the Royal ONE™ Visa Signature® and Royal ONE Plus™ Visa Signature® credit cards — the industry's first tri-branded cards that simplify how travelers earn and redeem rewards across the company's brands: Royal Caribbean, Celebrity Cruises, and Silversea. The Royal ONE cards continue Royal Caribbean Group's multi‑year journey to reimagine loyalty and unlock more value for guests to maximize their vacation experiences. The cards will be available in the coming weeks.
Royal Caribbean Group and Bank of America launch the cruise industry’s first tri-branded credit cards, enabling travelers to earn and redeem rewards across Royal Caribbean, Celebrity Cruises, and Silversea.
Designed to help cardholders earn points faster and use them more seamlessly, the new credit cards award points on both everyday spending and vacation purchases with Royal Caribbean, Celebrity Cruises, and Silversea. As rewards add up, Royal Caribbean Group's new Royal ONE program offers cardholders a convenient way to redeem rewards across brands. The Royal ONE cards further the company's expanding loyalty ecosystem and enhancements, including Points Choice and industry-first Status Match.
"Royal ONE and Royal ONE Plus strengthen how we recognize and reward our loyal guests across our leading vacation brands," said Jason Liberty, chairman and CEO of Royal Caribbean Group. "These new cards bring together the ways our guests vacation across Royal Caribbean, Celebrity Cruises, and Silversea – making it easier to earn and use rewards, so every trip delivers greater value and more meaningful experiences."
Royal ONE™ Credit Card BenefitsBuilt for travelers who want strong rewards with flexibility
3X points on purchases with Royal Caribbean, Celebrity Cruises, and Silversea
2X poi