Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Reckitt Benckiser is a home, health and personal care company. Brands: Strepsils, Veet, Air Wick, Calgon, Clearasil, Durex, Lysol, Vanish.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalThe company is reformulating products and registering new intellectual property within Russia after sanctions restricted its ability to supply certain household and germ protection products and use EU-owned brands. The shift has contributed to a double-digit decline in Russia’s like-for-like revenue and a 200-basis-point impact on emerging markets performance. The transition is being managed locally without support from headquarters, while Reckitt continues efforts to transfer ownership of its Russian business, a process ongoing since 2022.
Begins a process aimed at transferring ownership of its Russia business. Strepsils maker Reckitt Benckiser said in April 2022 that it would transfer ownership of its Russian business to a third party or local employees, but so far has failed to do so. Trading data shows that Reckitt Benckiser Exports into Russia. Freeze capital investments, advertising, sponsorships and promotions in Russia. Began process of aimed at transferring Russian business. Russian consumer goods maker Arnest has agreed to buy the Russian business of British home goods company Reckitt. The deal will give Arnest control of Reckitt’s Russian consumer goods business, which sells brands including Vanish, Durex, Finish and Calgon. Reckitt will retain its healthcare business in Russia. The sale is expected to result in a loss of around £175 million ($233 million) for Reckitt, which began preparing to sell the business after Russia launched a full-scale invasion of Ukraine in 2022.