As Reckitt points out: “China is Durex’s largest market and growing strongly.” So they could have done without it also flogging baby milk. Talk about a convoluted sales pitch: a job lot of rubber johnnies, plus a nice bit of formula from the Mead Johnson range in case things go wrong. So is that the reason Reckitt boss Laxman Narasimhan is having another go at unwinding the legacy of his predecessor Rakesh Kapoor? It’s more that he’s spotted that Kapoor’s $16.6 billion baby milk blowout was an absolute howler of a deal. Add in debts and Kapoor paid $17.9 billion in February 2017 for America’s Mead Johnson Nutrition:

Source: The Times June 07, 2021 22:52 UTC