10.01.18
UNITED KINGDOM: Godrej Consumer Products Limited has divested its entire stake in its UK business, Godrej Consumer Products UK Limited, to JZ International, a pan-European private investment business based in London.
“We continue to make strong progress on our journey to be a leading FMCG player in emerging markets; guided by our 3 by 3 approach, and focused on 3 categories (home care, hair care and personal care), in 3 geographies (Asia, Africa and Latin America), explained Nisaba Godrej, executive chairperson, GCPL. “As we build on our presence in these emerging markets and sharpen our strategic focus, we have decided to divest our UK business. This is in line with our long-term objective of continually optimizing our portfolio and making the appropriate capital allocation choices to drive superior value creation.”
“We continue to make strong progress on our journey to be a leading FMCG player in emerging markets; guided by our 3 by 3 approach, and focused on 3 categories (home care, hair care and personal care), in 3 geographies (Asia, Africa and Latin America), explained Nisaba Godrej, executive chairperson, GCPL. “As we build on our presence in these emerging markets and sharpen our strategic focus, we have decided to divest our UK business. This is in line with our long-term objective of continually optimizing our portfolio and making the appropriate capital allocation choices to drive superior value creation.”