Reckitt Benckiser confirmed in an RNS that it is commencing a strategic review for its food business. The company states that while French's Food is a “truly fantastic business with great brands, people and a history of outperformance,” it is nevertheless “non-core to RB.” The positive value judgment “fantastic” tends to vindicated by its relatively high 29.0% operating margin, which represents a small premium to Reckitt Benckiser as a whole.
01 Apr 2017
Confirmation of strategic review for food
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Confirmation of strategic review for food
Reckitt Benckiser Group plc (RKT:LON) | 4,521 3345.5 1.7% | Mkt Cap: 32,030m
- Published:
01 Apr 2017 -
Author:
Chris Wickham -
Pages:
4
Reckitt Benckiser confirmed in an RNS that it is commencing a strategic review for its food business. The company states that while French's Food is a “truly fantastic business with great brands, people and a history of outperformance,” it is nevertheless “non-core to RB.” The positive value judgment “fantastic” tends to vindicated by its relatively high 29.0% operating margin, which represents a small premium to Reckitt Benckiser as a whole.