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GSK In 'Countdown Mode' To Consumer Split As Full Year Sales Slip Back

 
• By Tom Gallen

Two months on from GSK’s rejection of a £50bn bid for Consumer Healthcare from Unilever – and with other suitors seemingly yet to materialize – CEO Emma Walmsley is pressing ahead with the plan to spin off the business in mid-2022. GSK will be buoyed by a strong showing by Consumer Healthcare in Q4, even through full year sales were down slightly.

LONDON- JUNE, 2018: The GlaxoSmithKline headquarters building in Brentford, west London. A British global pharmaceuticals company.
• Source: Shutterstock

GlaxoSmithKline is now in “full countdown mode” to the demerger of its Consumer Healthcare business, according to CEO Emma Walmsley.

Two months on from GSK’s rejection of a £50bn ($68bn) bid for the business from Unilever – and with other suitors seemingly yet to materialize – Walmsley is pressing ahead...

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