Glaxosmithkline Reveals Plan To Sell Off Its U.k. Horlicks 2020 // thebusinessawards.com
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Jul 19, 2017 · GlaxoSmithKline to sell UK Horlicks brand and scrap factory plans.Sales of Horlicks in the UK have declined to about £15m. GlaxoSmithKline has unveiled plans to sell its Horlicks brand in the UK, shut the Slough plant where the malt drink is made and abandon a proposed £350m biopharmaceutical manufacturing plant in Cumbria. Jul 20, 2017 · GlaxoSmithKline plc ADR NYSE:GSK just made a much awaited announcement outlining that it would soon sell off its Horlicks drinks brand in the U.K. Jul 19, 2017 · GlaxoSmithKline to sell UK Horlicks, cut 320 jobs.It also plans to sell its MaxiNutrition brand in the U.K. and outsource some manufacturing activities currently undertaken at its site in Worthing, England. The combined annual U.K. sales of Horlicks and Maxi Nutrition are around 30 million pounds $39 million, Glaxo said. Glaxo also sells Horlicks in other markets, including India. Mar 28, 2018 · GlaxoSmithKline may sell Horlicks to fund Novartis deal.The development, which is being touted as GSK’s biggest move since Emma Walmsley became CEO last year, has led to uncertainty at its Indian subsidiary GSK Consumer Healthcare India GSKCH as Horlicks contributes 80-85% to its revenue and India is the biggest market for the malt drink. Mar 29, 2018 · Yesterday, Britain's biggest drugs company GlaxoSmithKline GSK announced that it will buy the 36.5 per cent stake that Novartis AG owns in their Consumer Healthcare Joint Venture for $13 billion.Last year, media reports had claimed that GSK planned to sell the Horlicks UK business, including its factory at Slough.

Mar 28, 2018 · Horlicks, the beloved 140-year-old brand, may have a new owner—again.British pharmaceutical major GlaxoSmithKline is putting Horlicks up for sale. The health food drink brand sold widely in India and also consumed in parts of Asia and the UK is up for a “strategic review,” the company said in a statement on March 27. Jul 19, 2017 · British pharmaceuticals giant GlaxoSmithKline has announced plans to sell its Horlicks drinks business in the UK and cut 320 jobs. In its first significant move under new chief executive Emma. Jul 19, 2017 · GSK has announced a “strategic review” of its cephalosporins antibiotics business with an option to sell it, along with associated manufacturing facilities, and said it intends to sell its. Jul 20, 2017 · GlaxoSmithKline GSK has announced it plans to sell its Horlicks brand of drinks in the UK as well as its MaxiNutrition business. The move will see 320 jobs lost as the Horlicks. GlaxoSmithKline planning to sell Horlicks business in Britain In Britain, where Horlicks is sold as a bedtime drink, the product has largely fallen out of favour and sales are very limited.

Mar 27, 2018 · Horlicks up for sale as GSK looks to fund $13bn Novartis deal.In India the products are sold by GlaxoSmithKline Consumer Healthcare Ltd, a public company listed on the National Stock Exchange and Bombay Stock Exchange. The review will include an assessment of GSK’s 72.5% shareholding in the company, it said.

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