GlaxoSmithKline
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Franchise India Bureau Feb 06 2019 - 1 min readDrug firm GlaxoSmithKline Pharmaceuticals has posted a 26% increase in its standalone net profit at Rs 113 crore for the quarter ended December 31, 2018. During the corresponding period of the previous fiscal, the company had reported a net profit of Rs 89.69 crore. The company's standalone revenue from operations stood at Rs 825.35 crore for the ...
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Franchise India Bureau Dec 04 2018 - 1 min readUnilever has signed a deal to buy GlaxoSmithKline's (GSK) health food drinks (HFD) portfolio in India, Bangladesh and 20 other predominantly Asian markets. This acquisition is in line with Unilever's stated strategy of increasing its presence in the health food categories and in high-growth emerging markets. The health food drinks portfolio of GSK had delivered ...
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Franchise India Bureau Jun 07 2018 - 2 min readGSK Consumer Healthcare’s Horlicks milk food drink, which last week announced its association with actor Amitabh Bachchan to endorse the brand ahead of its stake sale, has landed in the midst of controversy. A national-level advocacy group called Nutrition Advocacy in Public Interest, has written an open letter to Bachchan asking ...
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Franchise India Bureau May 24 2018 - 3 min readExposing GlaxoSmithKline’s (GSK) to huge 40% tax burden might hamper the sale of British pharma giant’s Indian consumer products division. The pharma company is exploring potential buyers open to a merger and share swap as part of the deal, two people in the know said. 40% tax ...
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Franchise India Bureau May 23 2018 - 3 min readA group of big names including France’s Danone, Hindustan Unilever and Nestle are vying with US private equity giant KKR & Co to acquire GlaxoSmithKline plc’s 72 per cent stake in its Indian consumer products division, GSK Consumer Healthcare, in a massive $4-billion deal, the biggest in the Indian consumer industry.