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...The company’s push into baby formula through the acquisition of Mead Johnson is widely seen to have been a failure....
...Reckitt acquired Enfamil when it bought Mead Johnson in 2017 for $18bn in including debt. The judgment has wiped £5bn — or some 13 per cent — off the group’s market value. It is not hard to see why....
...Reckitt’s $17bn acquisition of Mead Johnson in 2017 has been rocky....
...Some have speculated that Reckitt has been trying to sell Mead Johnson, the infant formula business it acquired for $17bn in 2017....
...Several hundred similar claims have been filed in state and federal courts across the US targeting Reckitt’s Mead Johnson business and baby formula maker Abbott Laboratories....
...Last year, Reckitt was considering a sale of its US infant nutrition business, Mead Johnson, following the disposal of its China business to private equity group Primavera for $2.2bn in 2021....
...Rather like Bayer’s woes related to its glyphosate herbicide, the deal to buy Mead Johnson in 2017 looks set to result in unquantifiable litigation risk for the consumer group....
...The UK group took a £5bn writedown on its Mead Johnson baby food acquisition in 2020, on lower than expected birth rates in China. Rules and regulations abound, too....
...The planned sale would unwind the 2017 acquisition of Mead Johnson, one of its largest ever, which was made under former chief executive Rakesh Kapoor....
...Actual nutrition revenue fell by 15.4 per cent from the tough comparative period in which the company benefited from supply problems at Abbott Laboratories....
...Kapoor’s incumbency at Reckitt was marred by the overpriced $18bn purchase of US baby milk producer Mead Johnson in 2017. Ever wondered How to be a Lex analyst?...
...With so much pressure on their budgets, opera companies can be forgiven for seeking out old productions to revive again....
...Knighthead’s back catalogue of investments includes its bold (and highly successful) bet on Hertz, the then bankrupt rental car company....
...$18bn acquisition of baby milk group Mead Johnson....
...Johnson five years ago....
...Cancer Research UK has found promotions are biased towards unhealthy categories, while shoppers who take advantage of them suffer from poor nutrition....
...The planned sale of its infant formula business, acquired from Mead Johnson in 2017, looks set to be ambushed by politics....
...The US formula market has long been dominated by just three players: Abbott, Gerber and Mead Johnson, who account for the lion’s share of sales in what had been a sluggish market....
...Reckitt has also been drawn into the crisis because of its plan to sell its Mead Johnson formula business, potentially to a private equity buyer....
...Reckitt this year sold off most of its Chinese baby formula division Mead Johnson for $2.2bn to the private equity firm Primavera, but was forced to write off £8bn of its value after acquiring the division...
...A sale would unwind the 2017 acquisition of Mead Johnson made under former chief executive Rakesh Kapoor....
...All of these companies will have to become more transparent....
...“This includes our staff that supports the operations of our district: nutrition, maintenance and transportation.”...
...by the focus on integrating Mead Johnson....
...Christopher Rossbach, managing partner at fund manager J Stern & Co, said: “Companies should make a distinction between what are essential goods like basic foods or infant nutrition, and more discretionary...
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