Reckitt Benckiser recorded its highest ever sales growth last year, thanks to Dettol and the coronavirus. The group is now reviewing its brand portfolio to maintain the momentum: Scholl is already on its way out.
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With the end of the pandemic in sight, FMCG sales records are also coming to an end: the days of toilet paper hoarding seem to be behind us, although we're starting to crave lipstick and snacks on the go again.
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A number of major manufacturers, including Mars, Unilever and Reckitt Benckiser has joined a new British digital platform that will enable them to sell directly to the consumer.
American McCormick & Co has acquired Reckitt Benckiser’s food division for 4.2 billion dollars (3.6 billion euro), trumping Unilever to the purchase.
Unilever is allegedly interested in Reckitt Benckiser’s food division, but would have to fend off American Hormel Foods. Price: about 2.5 billion euro.
British Reckitt Benckiser, which owns brands like Durex, Calgon and Nurofen, has evaded hundreds of millions of euros in taxes through the Netherlands according to Oxfam Novib after it studies the company’s financial results.
Consumer company Reckitt Benckiser may sell its food branch, consisting of French's Foods' sauces. The money would be used to partially pay for children's food manufacturer Mead Johnson Nutrition's acquisition.
Reckitt Benckiser, which owns Durex condoms and Varnish laundry detergent for instance, has identified American children's food manufacturer Mead Johnson Nutrition as a potential acquisition target and is willing to pay more than 15 billion euro.