Reckitt benckisers

The launch of the OSCAR healthcare project With the first phase worth of over VND10 billion ($434,800), Reckitt Benckiser (RB) will sponsor 100 phototherapy devices for treatment of neonatal jaundice in 96 province/district-level hospitals in 10 cities/provinces across the country. Besides, RB will also support the development and dissemination of training materials on early detection, diagnosis, and treatment of the disease to healthcare workers as well as providing documents and information about the disease for parents. In collaboration with RB, the Maternal and Child Health Department (MCHD) under the Ministry of Health (MoH) will provide professional support throughout the project's implementation process. Each phototherapy device can operate for at least 44,000 hours (approximately five years). Health experts expect the 100 phototherapy devices can support early treatment of neonatal jaundice for at least 150,000 newborns in five years. Addressing the signing ceremony, … [Read more...] about Reckitt Benckiser boosts footprint in Vietnam’s healthcare market

REUTERS: British drugmaker Indivior Plc said on Monday it would "vigorously defend" against a 1.07 billion pound (US$1.43 billion) legal claim from consumer good maker Reckitt Benckiser Group relating to their demerger agreement. The company "Strongly believes that the claim is without merit and that it has strong grounds for defending against the claim should it be served," said Indivior, which was spun off from Reckitt in 2014. Indivior said that the claim has not been served yet. Last week, the British drugmaker disclosed that Reckitt had submitted a 1.07 billion pound claim earlier this month to the Commercial Court in London against Indivior relating to their demerger agreement. (Reporting by Aakash Jagadeesh Babu in Bengaluru, Editing by Sherry Jacob-Phillips) … [Read more...] about Indivior to ‘vigorously defend’ Reckitt Benckiser’s US$1.4 billion claim

The maker of top cleaning brands including Dettol and Cillit Bang, Reckitt Benckiser (RB), has reported a recovery in condom sales thanks to relaxed coronavirus restrictions. The FTSE 100 company, which has been among the few winners in the COVID-19 crisis to date thanks to its household hygiene and healthcare products, reported a 9.5% lift in net revenue to £3.5bn during its third quarter. RB said that was mainly driven by continued strong demand for disinfectants - with sales of Dettol-branded sprays, wipes and liquid up more than 50% on the same July-September period last year. Like-for-like sales were almost 20% higher in the company's hygiene business and 12.6% up in its health division, which includes Durex condoms and Mucinex cold medicine. RB had pointed to a sharp drop in demand for condoms during the spring virus lockdowns across Europe. Advertisement But it said on Tuesday: "Following a more challenging first half of the year, … [Read more...] about Coronavirus: Durex enjoys ‘double-digit’ revenue growth in Reckitt Benckiser sales boom

REUTERS: British consumer goods firm Reckitt Benckiser Plc  reported record quarterly sales growth on Thursday as customers stocked up on its Lysol disinfectants, Mucinex cough syrup and Dettol soap amid the coronavirus lockdowns. First-quarter like-for-like sales rose 13.3per cent, easily beating analysts' estimates of 5.3per cent provided by the company. The growth marked the best sales increase since the company was formed in 1999 through the merger of Reckitt & Colman Plc and Dutch firm Benckiser NV. Net revenue rose 12.3per cent to 3.54 billion pounds in the three months ended March, ahead of analysts' estimates of 3.29 billion pounds. The company also said it now expects performance in 2020 to be better than it initially anticipated. (Reporting by Siddharth Cavale in Bangalore; Editing by Sriraj Kalluvila and Saumyadeb Chakrabarty) … [Read more...] about Reckitt Benckiser posts record sales on disinfectant boom

LONDON/FRANKFURT: Consumer goods group Reckitt Benckiser Group is preparing to sell some of its non-core personal care brands, including Veet hair removal cream and Clearasil acne cream, four sources familiar with the matter said on Monday. The package of brands up for sale - which also includes E45 skin cream and Scholl foot products - could be worth as much as 1 billion pounds (US$1.3 billion) in a sale, two of the sources said, based on estimates of annual earnings before interest, tax, depreciation and amortisation north of 120 million pounds. The process comes as Reckitt is generating unusually strong sales in its hygiene business due to the COVID-19 pandemic, as people snap up its Lysol and Dettol disinfectants. It is also a strategic step for its new chief executive, Laxman Narasimhan, who has been in the top job for one year. Veet hair removal creams may also be seeing a boost, another source said, as people curb salon visits and do more grooming at home. Reckitt is … [Read more...] about Exclusive: Reckitt kicks off sale of some personal care brands – sources