Reckitt to Sell Some Homecare Brands, Review Formula Unit
- Homecare brands with revenue of almost £2 billion for sale
- Reckitt also reviewing all options for its infant formula unit
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Reckitt Benckiser Group Plc plans to sell some homecare brands and review options for its infant formula business as the consumer company seeks to revive growth after a period of poor performance.
Slower-growing homecare products, including Cillit Bang cleaners and Airwick air fresheners, generated almost £2 billion ($2.6 billion) in revenue last year, the UK-based company said in a statement, and a sale will help streamline the business.