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Reckitt Benckiser (OTCPK:RBGPF) is said to have received offers for infant-formula business this week after it started a sales process last month. Private equity firm Clayton Dubilier Rice submitted a bit this week, according to a WSJ report. The unit, which produces Enfamil branded baby form...
The Federal Trade Commission (FTC) has launched an inquiry into the ongoing infant formula shortage in the country, seeking information on any unfair business practices aimed at exploiting the consumers, the agency announced on Tuesday. "We have been monitoring and will continue to ...
French food and beverage company Danone S.A. (OTCQX:DANOY) (OTCQX:GPDNF) has increased its shipments of infant formula to the U.S. from Europe as the country grapples with a baby formula shortage worsened by a recent product recall of Abbott (ABT), Reuters reported on Friday. Early ...
The baby formula shortage continues to make headlines after President Biden invoked the 1950 Defense Production Act in an effort to increase supply. The order will mandate manufacturers to "direct needed resources to infant formula manufacturers before any other customer who may have ordered ...
The Biden administration is working to provide baby formula manufacturers with government transportation and logistics support to address the ongoing nationwide shortage, Bloomberg reported on Monday. The officials are also in talks with raw material suppliers of formula makers...
Perrigo (NYSE:PRGO) CEO Murray Kessler said that the country's current shortage of infant formula will persist the "balance of the year," he told Reuters. He added that its manufacturing facilities are running at 115% of capacity. The company is also working with retailers including Walm...
The House Oversight Committee of the U.S. Congress is launching an investigation into the ongoing shortage of baby formula products across the country, ABC News reported on Friday. In letters addressed to four of the largest manufacturers, Abbott (NYSE:ABT), Mead Johnson Nutrition o...
Update: The White House announced a raft of measures to alleviate the ongoing baby formula shortage across the country. The announcement follows a virtual meeting held by President Joe Biden with heads of the companies including Reckitt Benckiser (OTCPK:RBGPF) (OTCPK:RBGLY), Target Corpo...
Investors looking to diversify exposure to consumer staples internationally could take a look at UK-based company Reckitt, which owns a number of well-regarded hygiene, nutrition and health-related brands. However, the company, which operates with a relatively weak balance sheet, is s...
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Gold Lion awarded in coveted Creative Strategy category for Me, My Autism & I campaign Fabrice Beaulieu recognized as Brand Advertiser of the Year by Act Responsible CANNES, France, June 23, 2023 (GLOBE NEWSWIRE) -- Reckitt, the company behind some of the world’s most...
New York City, NY: May 25, 2020 – Published via (Wired Release) – Recent Research and Future Market Potential of Industrial and Institutional (I&I) Cleaning Market in Global Industry: 2020 Research and New Innovations in Oil and Gas Sector. The prime objective of the report i...
New York City, NY: May 25, 2020 – Published via (Wired Release) – Recent Research and Future Market Potential of Mosquito Repellant Market in Global Industry: 2020 Research and New Innovations in Oil and Gas Sector. The prime objective of the report is to offer updates and inform...