Kraft Heinz has made an offer for Unilever, which Unilever has denied, Kraft has said publicly.
Kraft spokesperson Michael Mullen issued the following statement: "The Kraft Heinz Company notes the recent speculation regarding a possible combination of Kraft and Unilever plc / Unilever NA. Kraft confirms that it has made a comprehensive proposal to Unilever about combining the two groups to create a leading consumer goods company with a mission of long-term growth and sustainable living. While Unilever has declined the proposal, we look forward to working to reach agreement on the terms of a transaction. There can be no certainty that any further formal proposal will be made to the Board of Unilever or that an offer will be made at all or as to the terms of any transaction."
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"