Reacting to market speculation that Reckitt Benckiser has decided to offload its food division, the company confirmed that it has initiated a ‘strategic review’ of the ‘non-core’ business, while refusing to divulge any further details. The food business (which includes the top-selling mustard brand, French’s as well as the Frank’s range of sauces) is the company’s smallest segment (£411m in FY 16 sales, representing c.4% of total sales) and has
04 Apr 2017
RB going off ‘Food’ to help digest ‘Mead’
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RB going off ‘Food’ to help digest ‘Mead’
Reckitt Benckiser Group plc (RKT:LON) | 4,160 1164.9 0.7% | Mkt Cap: 29,395m
- Published:
04 Apr 2017 -
Author:
Jyoti Prakash -
Pages:
3
Reacting to market speculation that Reckitt Benckiser has decided to offload its food division, the company confirmed that it has initiated a ‘strategic review’ of the ‘non-core’ business, while refusing to divulge any further details. The food business (which includes the top-selling mustard brand, French’s as well as the Frank’s range of sauces) is the company’s smallest segment (£411m in FY 16 sales, representing c.4% of total sales) and has