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Brendan Foley

๐Ÿ‘ค Speaker
80 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

We know all about that.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And so I see a world of innovation opportunity, whether it is a small, you know, growing brand like think about Cholula or Frank's Red Hot or my mustard.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Those are really great, high potential brands around the world that we see a lot of growth.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And so we see a lot more new penetration.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But there's also innovation opportunities behind brands like Hellmann's where you're still going to want to be a loyal user.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But it's also a lot of new flavor opportunities there, too.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Well, we consider both, actually, as we think about growing the business.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

It is about growing the brands organically.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

That's really important.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

It's also important to grow through volume.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And sometimes there are opportunities where you see brands like we did with Cholula a couple of years ago.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

We thought this brand has the ability to take off globally.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

That has to be in our portfolio.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

You know, we're really focused very exclusively, and that's why I think is really the most important part of this combination is we're dedicated to flavor.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And we've been very, very focused on that.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

Well, we're certainly watching that closely.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And the price of oil obviously affects a lot of that.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

We're finding a way to work through that, you know, and every company is trying to find a way to make sure we work through that.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

But this is one where we have to think about value itself, making sure we also find other ways to offset those input costs.

Bloomberg Talks
McCormick CEO Brendan Foley Talks Unilever Deal

And that's the way we're dealing with this current situation.

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