--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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.