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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...
...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....
...Benckiser and pharmaceutical conglomerate GSK....
...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....
...Bruce Charlesworth, chief medical officer at Reckitt Benckiser, said there was “lower immunity” across populations as a result of the past curbs on movement....
...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....
...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...
...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....
...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....
...The company’s consumer health division is part of a $270bn sector in which pharmaceutical groups compete with consumer goods makers such as Reckitt Benckiser and Nestlé....
...Other rivals include consumer groups Procter & Gamble, Colgate, Reckitt Benckiser and Nestlé, and drugmakers Bayer and Sanofi, while cheaper private-label products also command a chunk of the market....
...Analysts have also pointed to the possibility of a deal between Unilever and Reckitt Benckiser, maker of Durex condoms and Strepsils cold medicines....
...Reckitt Benckiser suggested the aim of the filing was to preserve the option of serving a claim at a later date....
...He led the company from 2009 until last year, shortly before he pleaded guilty to the charge, including when it was part of Reckitt Benckiser....
...Settling criminal and civil investigations last year came at a cost of $600m for Indivior and $1.4bn for its estranged parent Reckitt Benckiser....
...Its three biggest rivals are also pharmaceutical companies — Johnson & Johnson, Bayer and Sanofi — but healthcare has been an area of growth for consumer goods companies such as Reckitt Benckiser and Procter...
...UK group Reckitt Benckiser, maker of Finish dishwasher tablets and Lysol disinfectant, is among several to report that elevated consumer demand for soaps and disinfectants has recently begun to moderate....
...(FT) News round-up PwC sued for failing to spot alleged fraud at racing car dealer (FT) Tesla overcomes supply chain woes to boost profit margins (FT + Lex) Reckitt Benckiser shares hit as boom in cleaning...
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