Business
Lysol Maker Reckitt to Offload Sanctions-Hit Russian Hygiene Business
U.K. consumer goods company Reckitt Benckiser RKT 0.24%increase; up pointing triangle said it agreed to divest of its hygiene arm in Russia, which has been dragging on sales due to changes to European Union sanctions on the country.
The maker of Durex condoms and Mucinex cold medicine said Friday that it was selling the Russian hygiene unit to Arnest Management. It didn’t disclose financial terms of the deal, but said the business represented around 1% of Reckitt’s net revenue in 2025.
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