Reckitt Benckiser will sell French’s Food to US spice firm McCormick, in a £3.2bn ($4.2bn) deal, the diversified consumer goods company confirmed today (July 19).
Reckitt Benckiser has begun a strategic review of its French’s Food brand, after reports claimed it was looking to sell the mustard-maker to help fund its £14.3bn takeover of baby food manufacturer Mead Johnson Nutrition.
A City analyst has expressed scepticism about the likely truth of rumours that Procter & Gamble (P&G) could be lining up a £38bn hostile bid for UK consumer giant Unilever.