"Explorers Wanted" is intended as a call to action for couples, backed by the insight that 74% of Indians surveyed are willing to try something new in the bedroom.
Under his leadership, the company is rapidly expanding its presence in India, aiming to open a new store every three days, reaching approximately a thousand stores by 2028.
Reckitt, maker of Dettol and Lysol cleaning products, on Wednesday missed third-quarter like-for-like sales expectations as volumes declined, but said it would start a 1 billion pound ($1.2 billion) share buyback programme "imminently". Major consumer goods companies have hiked prices since the COVID-19 pandemic to make up for higher costs, prompting an increase in competition from cheaper brands as shoppers look for better deals. In Reckitt's case, even as volumes for its health business rose, they continued to decline at its hygiene segment.
(Reuters) -European consumer products makers, including Unilever and Reckitt, have shown they can raise prices to pass on higher costs, but investors told Reuters they want to see more innovation to drive dwindling sales volumes. Major consumer goods companies - from Nestle to P&G - have in the past two years struggled to manage high input costs, passing these on to retailers and shoppers by raising prices. But the price increases risk alienating cash-strapped consumers who have started buying cheaper private label alternatives to branded products.
Reckitt Benckiser Group PLC on Thursday said it signed a deal to buy the remaining interests of its activities in China and Hong Kong from its existing minority shareholders.
The consumer goods... | May 25, 2023