Editor’s picks: McCormick buys Unilever’s food, inflation and the future of co-operatives

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Source: McCormick and Unilever Foods

Of course, the US-Iran war continues to dominate the news agenda. This week came fresh updates to inflation forecasts

It’s been another busy week on The Grocer.

The big story is the £34bn acquisition of Unilever’s food business by the US-based McCormick, the biggest deal since Mars-Kellanova. McCormick CEO Brendan Foley dubbed the combined business a “global flavour powerhouse” arguing that with its spices and condiments it will “flavour calories, while others compete for them” in a post-GLP-1 world. Shareholders aren’t convinced, judging by the share price on both stocks. And for what the deal means, here’s a link to last week’s explainer.

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