Henkel to sell or discontinue certain brands to boost profit

By: Tisza Andrea Date: 2020. 03. 15. 18:12

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Henkel plans to sell or discontinue some brands in its consumer businesses by 2021, while looking for acquisition opportunities as it tries to turn around its fortunes after a series of profit warnings. Henkel has identified brands and categories with a total sales volume of more than EUR 1 billion, mainly in its consumer units, of which around 50 percent were marked to be divested or discontinued by 2021.