Reckitt moves forward with Mead Johnson infant-formula disposal [Yahoo! Finance]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Yahoo! Finance
A deal for nutrition and Mead Johnson could potentially materialise this year – fiscal 2025 – with CEO Kris Licht indicating last week that Reckitt has already received some interest from prospective buyers. The London-listed consumer goods giant is also looking to dispose of its essential home division, leaving Reckitt to focus on its “core” so-called power brands” within the consumer health and hygiene categories. Licht said in July that nutrition and Mead Johnson were now classified as “non-core” . The Durex and Finish dishwasher cleaning brand owner acquired Mead Johnson in 2017 for $17.9bn. The nutrition division is the smallest revenue earner behind the hygiene and health units. For the time being, the nutrition and essential home divisions are included in Reckitt's guidance for like-for-like sales growth of 2-4% across the group in the 2025 financial year. Licht was pressed for an update on the disposals by analysts last week as he presented the 2024 results to 31 Dece
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