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Hindustan Unilever-Gsk Consumer Terminate Distribution Agreement Of Otc And Oral Care Brands - COSMETICS URGERY NEWS
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    Hindustan Unilever-Gsk Consumer Terminate Distribution Agreement Of Otc And Oral Care Brands

    Sienna BlakeBy Updated:No Comments1 Min Read
    Hindustan Unilever-Gsk Consumer Terminate Distribution Agreement Of Otc And Oral Care Brands

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    In April 2020, Hindustan Unilever Ltd. had completed the merger of GlaxoSmithKline Consumer Healthcare with itself in a Rs 32,000 crore deal.

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    Hindustan Unilever Ltd (HUL) and GSK Consumer have mutually agreed to terminate the distribution agreement for over-the-counter (OTC) and oral care products.

    The termination of agreement will be effective from November 8, 2023, after completion of one-year notice period as per the agreement. The notice period commenced from November 9.

    In April 2020, Hindustan Unilever Ltd. had completed the merger of GlaxoSmithKline Consumer Healthcare with itself in a Rs 32,000 crore deal. The deal was announced in 2018. The deal gave HUL access to brands such as Horlicks, Boost and Maltovas and OTC such br as Sensodyne, Eno and Crocin.

    The merger was in line with HUL’s strategy to grow its Foods and Refreshments business in India, following which, it signed consignment selling agreements with GlaxoSmithKline Asia Private Limited (GSKAPL) and GlaxoSmithKline Consumer Private Limited (GSK20.

    Shares of Hindustan Unilever are trading 0.6 percent higher at Rs 2,524.15.

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    Sienna Blake

    Sienna Blake is a licensed aesthetic consultant and beauty writer specializing in cosmetic surgery advancements and non-invasive treatments. With a background in dermatology and over eight years of industry experience, Sienna is passionate about helping people achieve confidence through informed beauty decisions. She holds a Bachelor's degree in Health Sciences and regularly collaborates with top plastic surgeons to stay at the forefront of aesthetic innovations. Outside of her work, Sienna enjoys traveling, skincare research, and practicing Pilates.

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