Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Stay Pausing Investments
Reckitt Benckiser is a home, health and personal care company. Brands: Strepsils, Veet, Air Wick, Calgon, Clearasil, Durex, Lysol, Vanish.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Stay Pausing InvestmentsThe 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.