Reckitt Benckiser News

Starbucks corps named Laxman Narasimhan as next Chief Executive Officer (CEO). Laxman Narasimhan will draw $1.3 million as his annual base salary. Narasimhan has joined the growing long list of Indian origin CEOs who are helming the global giants.

Starbucks named Laxman Narasimhan as next CEO, joining Howard Schultz, the interim CEO, from October 1, 2022. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Narasimhan joins a growing list of Indian-origin CEOs at the helm of US-based global giants, including Microsoft CEO Satya Nadella, etc.

 Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition for $16.6 billion, taking the British consumer goods company into a new area and expanding its presence in developing markets.

Russia has banned the widely popular Durex condoms over a bureaucratic issue regarding the products' registration, the country's health care watchdog said Thursday.

FMCG firm Procter and Gamble (P&G) today said it will resume manufacturing and sale of its popular brand 'Vicks Action 500 Extra' after the Delhi High Court stayed government's order banning fixed dose combination drugs

FMCG major RB India (erstwhile Reckitt Benckiser) is planning a foray into multiple segments including deodorants by expanding portfolio of its existing brands such as Harpic, Dettol and Dermicool.

FMCG major RB would spend Rs 100 crore in next five years in creating awareness about the importance of hygiene and sanitation and has roped in Bollywood mega star Amitabh Bachchan as a face of the campaign.

FIPB has cleared 19 FDI proposals including that of Walt Disney Company and Reckitt Benckiser (India) entailing total investments of Rs 2,326.72 crore.