Reckitt (GB:RKT) has released an update.
Reckitt Benckiser Group Plc is set to focus on its high-growth, high-margin Powerbrands to drive shareholder value and streamline its organization for enhanced efficiency and decision-making. The company plans to divest its ‘Essential Home’ portfolio, including well-known brands like Air Wick and Calgon, by the end of 2025, and is exploring strategic options for its Mead Johnson Nutrition business. These strategic shifts are aimed at cementing Reckitt’s position as a leading consumer health and hygiene company with strong long-term growth prospects.
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