Henkel to sell or discontinue certain brands to boost profit

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.