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GSK Sells Lesser Consumer Brands With Little Fanfare As Part Of Major Plan For Global Lead

 
• By Malcolm Spicer

Deal with Foundation Consumer Brands marks GSK’s latest sale of OTC and nutritional brands that aren’t strong enough revenue drivers to remain part of its consumer health JV with Pfizer. GSK has controlled the brands it’s divesting for less than a year. 

GSK adn Fondation logos

Divesting seven consumer health brands doesn’t rate a mention by GlaxoSmithKline plc while the US firm gaining the lines touts the deal as extending its footprint to an additional 32 countries.

The deal Foundation Consumer Brands LCC announced on 16 July marks GSK’s latest sale of OTC and nutritional product brands that aren’t strong enough revenue drivers to remain part of its consumer

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