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...Democratic lawmakers are urging the top US antitrust enforcer to scrutinise a proposed sale of Reckitt Benckiser’s baby formula unit to a private equity group, warning that it “could shallow out” the market...
...The US pharmaceutical company has agreed to extend its contract from 2023 to 2026, according to two people with knowledge of the talks....
...Pfizer said discussions had been conducted “in good faith by all parties” and that it was committed to finding “pragmatic solutions” to address public health....
...Shares in the company, which was spun out of the consumer goods group Reckitt Benckiser in 2014, jumped almost 20 per cent in early trading, before settling up more than 16 per cent by 1pm in London....
...The Abbott closure helped boost profits at Reckitt, which is now the biggest provider in the US. Reckitt bought Mead Johnson in 2017 for $18bn, its largest ever acquisition....
...When Laxman Narasimhan gave up his $7.5mn role as head of UK-listed household products group Reckitt Benckiser, he went on to run US coffee chain Starbucks for up to $28mn a year....
...Benckiser and pharmaceutical conglomerate GSK....
...“This adjustment shows some recognition of the risk of losing cases where the other side has either a strong defence or a plausible solution,” he said. “I see this as realism tempering ambition.”...
...Bruce Charlesworth, chief medical officer at Reckitt Benckiser, said there was “lower immunity” across populations as a result of the past curbs on movement....
...Put simply, biotech uses living organisms to create new products, technologies and solutions....
...It buoyed Haleon’s half-year results and those of rival Reckitt Benckiser on Wednesday. Reckitt’s sales of medicines such as Mucinex and Strepsils grew more than 60 per cent for the half year....
...In the UK, pharmacy industry associations are reporting shortages of treatments including Reckitt Benckiser’s Lemsip and Haleon’s Beechams and Day and Night Nurse....
...Starbucks: The coffee chain’s third-quarter results will be the first to involve incoming chief executive Laxman Narasimhan, who joined Starbucks last month from UK consumer group Reckitt Benckiser....
...Reckitt Benckiser has tapped company insider Kris Licht, a PepsiCo and McKinsey alum, as chief executive, to replace Nicandro Durante at the end of the year....
...“Because you don’t have a solution to the problem, you will try to deny that the problem exists . . ....
...It competes with Strepsils maker Reckitt Benckiser, where consumer health accounted for a third of net revenue in 2021, and with Johnson & Johnson’s consumer health division, which its parent plans to spin...
...Earlier this month, Starbucks named Laxman Narasimhan, the former Reckitt Benckiser chief executive officer, as its incoming chief executive, saying he would work alongside Schultz before succeeding him...
...Reckitt Benckiser has agreed to sell its E45 skincare brand to Swedish pharmaceuticals group Karo Pharma for £200m, the latest disposal by the UK consumer group as it seeks to focus on higher-growth product...
...Other consumer goods groups including Reckitt Benckiser, Procter & Gamble and Nestlé are due to report their earnings later this week....
...Indivior was spun out of consumer goods group Reckitt Benckiser in 2014 and listed on the London Stock Exchange....
...Gabriel Harnier group general counsel, BAYER Three years ago, under Harnier’s leadership, the legal team at Bayer, the German pharmaceuticals and life sciences company, moved its contracting, data privacy...
...“Initially there was hope that it would be, not a miracle drug, but it would be the solution to Covid,” he said. “But I don’t think it is going to turn out to be.”...
...Job moves Starbucks has named the outgoing head of consumer goods group Reckitt Benckiser as its next chief executive, handing Laxman Narasimhan the task of executing a “reinvention” strategy designed by...
...But its growth potential is similar to consumer companies such as P&G and Reckitt Benckiser, though it will have heavier borrowings, with a debt-to-ebitda ratio as high as 4....
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