RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Subscribe
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
RetailDetail EU
Europe - EN
  • België - NL
  • Belgique - FR
  • Nederland - NL
  • Europe - EN
  • About us
  • Contact
  • Sign in user
  • News
    • Food
    • Fashion
    • Home
    • Electronics
    • Beauty/Care
    • DIY/Garden
    • Leisure
    • General
  • RetailDetail Plus
  • Events
  • Hunts
  • RetailHub
  • Advertising & Partnerships
    • EVENT PARTNERSHIPS
    • PRINT ADVERTISING
    • ONLINE ADVERTISING
thumb
Written by Jorg Snoeck
In this article
Share article
  • facebook
  • instagram
  • twitter
  • linkedin
  • email

Unilever ends GSK acquisition plans

icon
Beauty/Care20 January, 2022

FMCG giant Unilever has announced it will not attempt a new bid for GlaxoSmithKline‘s consumer division, after its previous bid worth sixty billion euros was refused.

 

IPO next summer?

Unilever has made three unsuccessful bids on GSK’s consumer division, which owns brands like Sensodyne, Aquafresh and Panadol. The pharmaceutical giant thought none of the bids reflected the true value of its consumer division and its potential for the future.

 

GSK also affirmed it will stick to the plan to float its consumer division on the stock exchange this summer, citing its expectations the division will have an annual growth of 4 to 6 %. Last year, GSK’s consumer division managed 11.5 billion euros in sales, Reuters reports.

 

Unilever has already responded, saying that its point of view regarding the division’s fundamental value has remained unchanged, and that it will therefore not raise its bid any more.

Stay up-to-date

Receive our free newsletters and do not miss out on the latest retail news.

Subscribe
logo

FMCG giant Unilever has announced it will not attempt a new bid for GlaxoSmithKline‘s consumer division, after its previous bid worth sixty billion euros was refused.   IPO next summer? Unilever has made three unsuccessful bids on GSK’s consumer division, which owns brands like Sensodyne, Aquafresh and Panadol. The pharmaceutical giant thought none of the bids reflected the true value of its consumer division and its potential for the future.   GSK also affirmed it will stick to the plan to float its consumer division on the stock exchange this summer, citing its expectations the division will have an annual...

More on Beauty/Care
See more
  • icon
    Beauty/Care8 May, 2023
    Rituals grows by over a quarter

    Rituals has seen strong growth on all fronts in the last year: the beauty care brand has passed the 1,000 shop mark and also increased its turnover by 28%.

  • icon
    Beauty/Care4 May, 2023
    Higher prices, lower volumes at Henkel

    Henkel sold significantly less in the last quarter. Nevertheless, revenue was higher than expected, thanks to prices that rose by more than 10%.

  • icon
    Beauty/Care27 April, 2023
    Unilever: “more price concessions are impossible”

    Unilever increased its sales by 7% in the last quarter, despite a price increase of more than 10%. Only Europe saw a decline in sales, while beauty and personal care products performed best.

Events
  • 15
    Jun
    Human Resources & People Congress
  • 29
    Jun
    Food Congress
Most read
  • icon
    Fashion28 April, 2023
    H&M merges Weekday and Monki
  • icon
    Leisure16 May, 2023
    Decathlon launches subscription service in Belgium
  • icon
    General15 May, 2023
    Action launches Belgian webshop
  • icon
    Food2 May, 2023
    Flash delivery company Getir now also targets Flink
Follow RetailDetail
  • socialFacebook
  • socialTwitter
  • socialInstagram
  • sociallinkedIn
footer-logo
RetailDetail, the leading b2b-retailcommunity in the Benelux, keeps retail professionals up-to-date by means of online & offline publications, retail events, inspiring retail hunts and the unique co-creation platform retailhub, where retailers and their suppliers can experience the future of shopping.
RetailDetail Mailing Address:
Kolveniersstraat 7, bus 26 
2000 Antwerp
Visiting address:
Stadsfeestzaal – Meir 78 
2000 Antwerp
How to reach us:
Directions
© 2023 RetailDetail
general conditions | privacy policy
+32 3 500 89 59 info@retaildetail.be
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies.
Accept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT