--Reckitt Benckiser is looking to developing markets such as China as sales in the U.S. face increasing problems, Bloomberg reports, citing an interview with Chief Financial Officer Shannon Eisenhardt.
--The U.K. consumer-goods company, which continues to benefit from double-digit percentage sales growth in China, invested 300 million yuan ($40.9 million) to build a new research and development center in Shanghai as it sees the country as a long-term opportunity, according to Bloomberg.
--Reckitt's facility in Taicang, China, responsible for producing Dettol products, will start producing Durex condoms in early 2026, Bloomberg reported.
Full story: https://tinyurl.com/4mvafmba
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
January 15, 2025 04:49 ET (09:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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