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Perrigo Expanding Consumer Portfolio After Finding Problems Slowing Growth

 
• By Malcolm Spicer

"Probably the worst offense" among Perrigo's problems is that before appointing President and CEO Murray Kessler in November, it had three CEOs since 2016, making him the fourth chief executive in three years, says Kessler. Perrigo's move to a self-care focus means "a broader emphasis on the wellness component of health and wellness" and opening its portfolio of products and categories to areas including nutraceuticals, oral care, probiotics, therapeutic skin care products and others.

Pros and cons concept. Business man with cardboard plus and minus symbol signs.

Perrigo Co. PLC has "big fundamental issues" slowing its earnings growth even though its sales of private label and store brand OTC drugs outpace national brands' sales, says President and CEO Murray Kessler.

"Probably the worst offense" among Perrigo's problems, Kessler said on Jan

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People On The Move: Appointments At Haleon, Wellnex, Orkla

 
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C&D Divesting Flawless, Spinbrush Lines, Says Gummy Vitamin Brands Might Not Stick

 
• By Malcolm Spicer

C&D reports Q1 net sales dropped 2.4% to $1.48bn, below its guidance for around 1% growth. Its brands’ sales at retail and market share grew in the quarter, but “experienced slowing category growth in the US market” as retailers reduced inventory levels.