Latest news with #Reckitt
Business Upturn
7 hours ago
- Business
- Business Upturn
Reckitt Partners with Public Health Foundation of India (PHFI) to Drive Transformative Public Health Interventions
New Delhi, Delhi, India: Reckitt, a leading global consumer health and hygiene company, has partnered with the Public Health Foundation of India (PHFI) to strengthen its purpose-led programs across India, with a focus on health, hygiene, sanitation, and life skills education. Established in 2006, PHFI is a globally recognized public-private initiative that has contributed significantly to building India's public health capacity through education, research, and advocacy. The institution was recently ranked second among schools of public health globally (International Journal of Public Health, March 2024) and has been recognized as an ICMR Collaborating Centre of Excellence. The partnership brings together Reckitt's deep experience in driving large-scale behavioural change and PHFI's leadership in public health research, education, and policy. Together, the two organizations aim to co-create innovative solutions, strengthen institutional capacity, and document scalable community health models that can be replicated across India. As part of the collaboration, PHFI will work closely with Reckitt and its civil society partners to validate and document existing outreach programs nationwide. The resulting evidence will be translated into case studies and academic publications to highlight effective, scalable models for health impact. On the partnership, Professor Sanjay Zodpey, President, Public Health Foundation of India (PHFI), said, 'Partnership between Reckitt and Public Health Foundation of India will develop initiatives responding to community health needs for capacity building, training programs and research to address the public health challenges with a focus on sanitation and hygiene.' Ravi Bhatnagar, Director, External Affairs and Partnerships, Reckitt – South Asia, said, 'At Reckitt, we believe we achieve more together as trusted partners. Through collaboration, we can collectively drive systemic, long-term positive change. We deeply value this collaboration, which unites PHFI's academic and policy leadership with Reckitt's on-ground experience in driving behavioural change. Hygiene is the foundation of good health, and this partnership marks another meaningful step in our journey to support the vision of Viksit Bharat by 2047. Trusted, purpose-aligned partnerships like this are essential to building a healthier, more resilient India.' PHFI has established five Indian Institutes of Public Health and contributed more than 4,800 research publications to the field. Its recognition as a global public health leader further showcases the strength it brings to this collaboration to deliver evidence-based health interventions. With this partnership, Reckitt and PHFI are not only setting a new benchmark for public-private collaboration but also laying the groundwork for transformative change in how India addresses its most pressing health challenges. Grounding interventions in science and scaling them through community action, the partnership aims to deliver lasting improvements in sanitation, hygiene, and public health outcomes. More than a partnership, this is a mission-driven alliance focused on shifting narratives, empowering communities, and reinforcing the foundations of India's public health system. Together, Reckitt and PHFI aim to ensure that access to health and hygiene is a right for all, not a privilege. About Reckitt Advertisement Reckitt* exists to protect, heal and nurture in the pursuit of a cleaner, healthier world. We believe that access to the highest-quality hygiene, wellness and nourishment is a right, not a privilege. Reckitt is the company behind some of the world's most recognisable and trusted consumer brands in hygiene, health and nutrition, including Air Wick, Calgon, Cillit Bang, Clearasil, Dettol, Durex, Enfamil, Finish, Gaviscon, Harpic, Lysol, Mortein, Mucinex, Nurofen, Nutramigen, Strepsils, Vanish, Veet, Woolite and more. Every day, around 30 million Reckitt products are bought globally. We always put consumers and people first, seek out new opportunities, strive for excellence in all that we do and build shared success with all our partners. We aim to do the right thing, always. We are a diverse global team of 40,000 colleagues. We draw on our collective energy to meet our ambitions of purpose-led brands, a healthier planet and a fairer society. Find out more or get in touch with us at *Reckitt is the trading name of the Reckitt Benckiser group of companies. Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Yahoo
8 hours ago
- Business
- Yahoo
Reckitt eyes new options to advance Air Wick unit sale, sources say
By Amy-Jo Crowley and Richa Naidu LONDON (Reuters) -Britain's Reckitt is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. The company still plans to pursue a sale, the people said, who spoke on condition of anonymity because the talks are private. Private equity firm Advent remains in talks for the assets, one of the people and a third person said. Reckitt, which also makes Mucinex cold medication and Durex condoms, said in July it was looking to offload a portfolio of homecare brands by the end of 2025. The proposed sale comes at a challenging time for businesses with factories around the world as they navigate U.S. President Donald Trump's tariffs, which are roiling supply chains, boosting costs and dampening shopper sentiment. Reckitt could keep a stake in the business or structure a sale another way to bridge a gap in valuations, one of the people said, adding that some of the bids came in below its hopes of over 4 billion pounds ($5.4 billion). Reuters could not determine if other bidders remained in the process. Reckitt and Advent declined to comment. Bankers and CEOs have hit the brakes on mergers and acquisitions since Trump launched his trade war, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis. Reckitt said in April that it was "continuing to progress" the sale of the Essential Home business but that market conditions might affect the time frame. Consumer staples companies are considered relatively resilient to economic downturns, but big brands like Reckitt, P&G and Unilever increasingly face competition from cheaper private label brands that gained popularity during the pandemic. Reckitt's Essential Home business has struggled for several quarters, with sales falling 7% in the first quarter of this year to 482 million pounds, about 13% of total revenue for the quarter. Reckitt has been undergoing a turnaround under CEO Kris Licht, who has sought to reassure shareholders concerned about the strength of the company's brands in North America and Europe, where consumer confidence has been dwindling. ($1 = 0.7397 pounds) Sign in to access your portfolio
Reuters
8 hours ago
- Business
- Reuters
Reckitt eyes new options to advance Air Wick unit sale, sources say
LONDON, June 3 (Reuters) - Britain's Reckitt (RKT.L), opens new tab is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. The company still plans to pursue a sale, the people said, who spoke on condition of anonymity because the talks are private. Private equity firm Advent remains in talks for the assets, one of the people and a third person said. Reckitt, which also makes Mucinex cold medication and Durex condoms, said in July it was looking to offload a portfolio of homecare brands by the end of 2025. The proposed sale comes at a challenging time for businesses with factories around the world as they navigate U.S. President Donald Trump's tariffs, which are roiling supply chains, boosting costs and dampening shopper sentiment. Reckitt could keep a stake in the business or structure a sale another way to bridge a gap in valuations, one of the people said, adding that some of the bids came in below its hopes of over 4 billion pounds ($5.4 billion). Reuters could not determine if other bidders remained in the process. Reckitt and Advent declined to comment. Bankers and CEOs have hit the brakes on mergers and acquisitions since Trump launched his trade war, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis. Reckitt said in April that it was "continuing to progress" the sale of the Essential Home business but that market conditions might affect the time frame. Consumer staples companies are considered relatively resilient to economic downturns, but big brands like Reckitt, P&G (PG.N), opens new tab and Unilever (ULVR.L), opens new tab increasingly face competition from cheaper private label brands that gained popularity during the pandemic. Reckitt's Essential Home business has struggled for several quarters, with sales falling 7% in the first quarter of this year to 482 million pounds, about 13% of total revenue for the quarter. Reckitt has been undergoing a turnaround under CEO Kris Licht, who has sought to reassure shareholders concerned about the strength of the company's brands in North America and Europe, where consumer confidence has been dwindling. ($1 = 0.7397 pounds)
Yahoo
8 hours ago
- Business
- Yahoo
Reckitt eyes new options to advance Air Wick unit sale, sources say
By Amy-Jo Crowley and Richa Naidu LONDON (Reuters) -Britain's Reckitt is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with knowledge of the process said. The company still plans to pursue a sale, the people said, who spoke on condition of anonymity because the talks are private. Private equity firm Advent remains in talks for the assets, one of the people and a third person said. Reckitt, which also makes Mucinex cold medication and Durex condoms, said in July it was looking to offload a portfolio of homecare brands by the end of 2025. The proposed sale comes at a challenging time for businesses with factories around the world as they navigate U.S. President Donald Trump's tariffs, which are roiling supply chains, boosting costs and dampening shopper sentiment. Reckitt could keep a stake in the business or structure a sale another way to bridge a gap in valuations, one of the people said, adding that some of the bids came in below its hopes of over 4 billion pounds ($5.4 billion). Reuters could not determine if other bidders remained in the process. Reckitt and Advent declined to comment. Bankers and CEOs have hit the brakes on mergers and acquisitions since Trump launched his trade war, with fewer deals getting signed than during the bleakest days of the COVID-19 pandemic and the 2008-2009 global financial crisis. Reckitt said in April that it was "continuing to progress" the sale of the Essential Home business but that market conditions might affect the time frame. Consumer staples companies are considered relatively resilient to economic downturns, but big brands like Reckitt, P&G and Unilever increasingly face competition from cheaper private label brands that gained popularity during the pandemic. Reckitt's Essential Home business has struggled for several quarters, with sales falling 7% in the first quarter of this year to 482 million pounds, about 13% of total revenue for the quarter. Reckitt has been undergoing a turnaround under CEO Kris Licht, who has sought to reassure shareholders concerned about the strength of the company's brands in North America and Europe, where consumer confidence has been dwindling. ($1 = 0.7397 pounds)
Time of India
4 days ago
- Business
- Time of India
ICS 2025: Corporate Social Responsibility as a Force for National Progress
Corporate social responsibility in India is undergoing a profound transformation, as revealed during an insightful fireside chat at the India Communication Summit 2025. The session, "Purpose in Practice: Building Authentic Social Impact Narratives ," brought together industry leaders who are redefining how businesses create meaningful societal impact. The conversation featured Puneet Anand, AVP and Vertical Head of Corporate Affairs, Corporate Communication and Social at Hyundai Motor India , alongside Ravi Bhatnagar, Director of External Affairs and Partnerships at Reckitt – South Asia. The session was moderated by Anirban Roy Choudhury, Senior Associate Editor & Lead, Product, who guided the discussion through strategies that elevate CSR from obligation to opportunity. Throughout the dialogue, Anand emphasized how authentic community engagement contributes to national progress, noting that CSR initiatives can play a crucial role in building a more developed India. His perspective highlighted the potential for businesses to drive societal advancement through strategic social initiatives. Hyundai structures its community programs around three foundational pillars: earth, mobility, and hope. Their "Be the Better Guy" road safety campaign stands as a testament to long-term commitment. Launched in 2016, this initiative partners with state governments to address India's road safety challenges through awareness programs and technological solutions. Strategic collaboration emerged as a recurring theme when Bhatnagar stressed the importance of selecting the right partners and rapidly scaling successful programs. This collaborative approach has enabled both organizations to maximize their impact across diverse sectors and regions throughout India. The discussion revealed how innovation drives effective CSR, as illustrated by Hyundai's telemedicine program. With 55 centers established across 11 states, the initiative has dramatically improved healthcare accessibility while reducing costs for rural communities – demonstrating how corporate resources can solve critical infrastructure gaps. Reckitt's nutrition intervention program showcased similar strategic thinking. By focusing on the crucial first 1,000 days of motherhood and employing culturally resonant communication, they've successfully addressed malnutrition challenges in aspirational districts across the country. Community empowerment took center stage when Anand discussed "Art for Hope," an initiative providing rural artisans – including those with disabilities – platforms to showcase their talents globally. This program illustrates how CSR can preserve cultural heritage while creating economic opportunities for marginalized communities. Both leaders emphasized that meaningful social impact requires patience, authenticity, and measurable outcomes. Their experiences reveal a fundamental shift in corporate mindset – from viewing CSR as compliance to embracing it as a strategic opportunity for creating shared value. To conclude, the session presented practical insights into how corporations can become genuine catalysts for societal transformation, contributing meaningfully to national development while building deeper community connections that extend well beyond traditional business boundaries.
