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Unilever Sells Colman's to Avoid Regulatory Hurdles | Business and Finance News
Description
Unilever is offloading the iconic 200-year-old British mustard brand Colman’s to clear regulatory hurdles ahead of its $33 billion merger with McCormick, which already owns rival French’s. With competition regulators wary of a combined mustard giant, Unilever has hired bankers to find a buyer—likely Premier Foods or Associated British Foods—and insists operations remain normal. Though Colman’s holds deep UK roots, its global reach is limited, and while its exact value remains undisclosed, Unilever sees the sale as a smart move to streamline its food division without risking antitrust scrutiny.
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