INSUBCONTINENT EXCLUSIVE:
Photographer: Hollie Adams/Bloomberg2 min read Last Updated : Sep 18 2024 | 12:03 AM IST
Reckitt Benckiser Group Plc has started early
freshener Airwick and Cillit Bang cleaners, the people said
Mostly financial investors as well as some consumer companies have shown interest in the assets, the people said
is helping Reckitt on evaluating options for its formula brand Mead Johnson, including a potential sale, according to the people
Deliberations are ongoing and no final decision has been made, said the people, who have asked not to be identified as the information is
private
Representatives for Goldman, Morgan Stanley and Reckitt declined to comment.
Reckitt in July unveiled plans to sell some of the
condoms, along with some disinfectants like Harpic, Vanish, Dettol and Lysol that boomed during the pandemic.
The infant formula unit,
created by the $17 billion acquisition of Mead Johnson in 2017, has been a tough spot for Reckitt
The business has also been fighting a string of state and federal lawsuits in the US
A tornado in Indiana earlier this year damaged one of its warehouses.
Shares of Reckitt have dropped more than 20% in London this year, on
track for their fourth consecutive annual decline
The company has a market value of about $42 billion.(Only the headline and picture of this report may have been reworked by the Business
Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Sep 18 2024 | 12:03 AMIST
