Why consumer giants are shedding their conglomerate structure

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Source: McCormick and Unilever Foods

From McCormick-Unilever to ABF’s Primark split, a wave of corporate refocusing is reshaping the consumer goods landscape, says Akeel Sachak, global head of consumer at Rothschild & Co, who is advising on both transactions

When McCormick and Unilever announced in March that they had agreed a deal to combine Unilever’s food business with McCormick in a $44.8bn transaction, the strategic logic was unambiguous.

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