Latest news with #AirWick
Daily Mail
24-07-2025
- Business
- Daily Mail
Demand for Durex in Europe and China boosts sales at consumer goods giant Reckitt
Sales of Durex condoms in Europe and China are boosting consumer goods giant Reckitt. Shares in the FTSE 100 firm, which also owns Dettol cleaner and Nurofen painkillers, soared 10 per cent, or 502p, to 5542p yesterday – a 17-month high. Reckitt hiked its revenue expectations after racking up sales of nearly £7billion in the first six months of 2025, and operating profit of £1.71billion, beating analyst expectations of £1.66billion. Sales were driven by a surge in demand in Europe and China, with its first non-latex condom achieving double-digit sales growth in France and Germany. It raised its sales growth expectations for this year to between 3 and 4 per cent from a previous forecast of 2 to 3 per cent. It comes after Reckitt last week agreed to sell its cleaning products unit including brands such as Cillit Bang and Air Wick to US private equity firm Advent International for £3.6billion. Reckitt, which will retain a 30 per cent stake, will refocus on its core brands, which also include Strepsils and Vanish.
Evening Standard
18-07-2025
- Business
- Evening Standard
Reckitt strikes deal worth up to £3.6bn to sell Cillit Bang business
Private equity firm Advent International will buy a 70% stake in Reckitt's essential home cleaning products business, which also includes brands such as Air Wick, Woolite, Resolve, Sole and Easy-Off, as well as around 75 other brands across more than 70 markets.
Reuters
18-07-2025
- Business
- Reuters
Reckitt to sell Essential Home business to Advent in $4.8 billion deal
July 18 (Reuters) - Consumer goods firm Reckitt (RKT.L), opens new tab said on Friday that it has agreed to sell its Essential Home business, maker of Air Wick fresheners, to private equity firm Advent International in a deal valued at $4.8 billion including debt. Reckitt said it would retain a 30% stake in the unit. Reuters exclusively reported last month that the two parties were in talks over a sale, with Reckitt likely to retain a minority stake in the unit, which also makes Cillit Bang cleaners. Reckitt said it plans to return excess capital to shareholders, including a special dividend of about $2.2 billion and a share consolidation after the deal closes. Essential Home business, which accounted for about 13% of Reckitt's group revenue in the first quarter, has struggled for several quarters, with sales falling 7% in the first three months of the year.
Bloomberg
18-07-2025
- Business
- Bloomberg
Reckitt to Sell Homecare Brands to Advent in $4.8 Billion Deal
Reckitt Benckiser Group Plc agreed to sell most of its home-care business to private equity firm Advent International for an enterprise value of up to $4.8 billion. The British consumer goods company said it will retain a 30% stake in the business, whose brands include Air Wick air fresheners and Cillit Bang cleaners. The enterprise value includes up to about $1.3 billion of contingent and deferred consideration, the company said.
Yahoo
11-06-2025
- Business
- Yahoo
U.S. private equity firm Advent in exclusive talks for Reckitt's home unit
-- Britain's Reckitt is in exclusive discussions with private equity firm Advent International regarding the sale of its Essential Home business, according to a Reuters report on Wednesday. The deal for the business unit, which makes Air Wick fresheners and Cillit Bang cleaners, can reportedly be announced in the coming weeks. Reckitt may also choose to keep a minority stake in the Essential Home division as part of the arrangement. The report noted that there is still a possibility that the negotiations might not result in a completed transaction. Neither company has made public statements about the potential deal at this time. Related articles U.S. private equity firm Advent in exclusive talks for Reckitt's home unit Tsai talks, Alibaba regroups around open-source AI JPM deposit growth, Citi restructuring gains bolster Wells Fargo's signature picks Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
