Reckitt Benckiser considers selling French’s Sauce brand

Reckitt Benckiser considers selling French's Sauce brand

Reckitt Benckiser Group Plc is considering a sale of its food business, which makes French's mustard and ketchup, to help pay for the USD 16.6 billion acquisition of infant-formula maker Mead Johnson Nutrition Co. With GBP 411 million (USD 721.65 million) in sales last year, French's Foods accounted for 4% of Reckitt Benckiser's total revenue.
A possible price tag of GBP 2 billion was reported in the UK's Sunday Times newspaper.