GSK Begins ‘New Chapter’ in India As It Offloads Nutrition Brands
GSK commits to investing behind OTC and oral health brands in India after offloading nutrition assets to Unilever.
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Deal with Foundation Consumer Brands marks GSK’s latest sale of OTC and nutritional brands that aren’t strong enough revenue drivers to remain part of its consumer health JV with Pfizer. GSK has controlled the brands it’s divesting for less than a year.
GSK Consumer Healthcare's sale of its Indian business has generated £0.5bn more than expected thanks to the increased value of its holding in Hindustan Unilever.
While some parts of the world stocked up on OTC drugs, others went into total lock down, resulting in a mixed picture for GSK's Consumer Healthcare performance in Q1.