Haleon plc
Company typePublic limited company
ISINGB00BMX86B70
Industry
Predecessors
Founded18 July 2022; 19 months ago (2022-07-18)
HeadquartersWeybridge, Surrey, England
Area served
Worldwide
Key people
Products
Brands
RevenueIncrease £11,302 million (2023)[1]
Increase £1,996 million (2023)[1]
Decrease £1,111 million (2023)[1]
Total assetsDecrease £34,055 million (2023)[1]
Total equityIncrease £16,729 million (2023)[1]
Number of employees
24,000 (2023)[2]
Websitewww.haleon.com

Haleon plc is a British multinational consumer healthcare company with headquarters in Weybridge, England.[3] It is one of the largest consumer healthcare businesses in the world, with brands including Sensodyne toothpaste, Panadol and Advil painkillers and Centrum vitamins.[4] The company is a global leader in over the counter medicines with a 7.3 percent market share.[5]

Haleon was established on 18 July 2022 as a corporate spin-off from GSK.[6]

Sir David Lewis is chairman, with Brian McNamara as CEO.[7] Haleon is listed on the London Stock Exchange and is a component of the FTSE 100, with a secondary listing on the New York Stock Exchange. Annual sales amounted to around £10 billion across 120 markets in 2020.[5]

History

GSK and Pfizer merged their consumer healthcare businesses in 2019.[8][9] GSK owned just over two thirds of the joint venture, and Pfizer held the remainder.[8]

GSK announced plans to spin-off Haleon in 2018, in order to give the "tired drugmaker extra focus and firepower by gearing up and hiving off the consumer division".[10]

Unilever offered £50 billion for the business in 2022, in a bid which GSK rejected.[11] Nestlé examined the possibility of a bid in conjunction with Reckitt.[12]

In October 2023, GSK reduced its ownership share in Haleon to just over 7.4%,[13] and again in January 2024 down to 4.2%.[14]

The ChapStick lip care brand was sold to Yellow Wood Partners for £401 million in 2024.[15]

Operations

Oral health accounted for 28.5 percent of revenue in 2021.[16]

Brands

A selection of Aquafresh toothpaste and toothbrushes produced by Haleon

Brands include:[17]

This list is complete and up to date as of March 2024.

References

  1. ^ a b c d e "Annual results 2023" (PDF). Haleon. Retrieved 29 February 2024.
  2. ^ "Haleon plots massive layoffs in UK and beyond to save costs: report". Fierce Pharma. 13 July 2023. Retrieved 11 February 2024.
  3. ^ "GSK announces independent Consumer Healthcare company is to be called Haleon | GSK". www.gsk.com. 22 February 2022. Retrieved 2023-02-21.
  4. ^ Ralph, Alex (2 July 2022). "GlaxoSmithKline prepares to get back to basics with historic break-up". The Times. Retrieved 4 July 2022.
  5. ^ a b Cornell, Joe (15 July 2021). "GlaxoSmithKline To Spin-Off Consumer Healthcare Business By Mid-2022". Forbes. Retrieved 10 June 2022.
  6. ^ "Prospectus" (PDF). GSK plc. p. 15. Retrieved 10 June 2022.
  7. ^ Kleinman, Mark (3 May 2022). "GSK's £45bn Panadol and Sensodyne-maker Haleon in talks to hire banks". Sky News. Retrieved 10 June 2022.
  8. ^ a b Shane, Daniel (19 December 2018). "Advil meet Excedrin: Pfizer and GSK are merging their consumer healthcare businesses". CNN. Retrieved 10 June 2022.
  9. ^ "Haleon Won't Indemnify Pfizer, GSK Over Zantac. Shares Are Up". Barron's. 20 September 2022. Retrieved 17 December 2022.
  10. ^ Donnellan, Aimee (9 June 2022). "GSK castoff starts life with target on its back". Reuters. Retrieved 10 June 2022.
  11. ^ Jolly, Jasper (19 January 2022). "Unilever will not increase £50bn offer for GSK consumer arm". The Guardian. Retrieved 10 June 2022.
  12. ^ "Nestle Eyed Biggest-Ever Deal in Aborted Move for GSK Unit". Bloomberg News. 25 May 2022. Retrieved 10 June 2022.
  13. ^ "GSK raises $1.1 billion from Haleon stake sale". Reuters. 2023-10-06. Retrieved 2023-10-09.
  14. ^ "GSK raises $1.24 bln from latest Haleon stake sale". Reuters. 2024-01-17. Retrieved 2024-01-18.
  15. ^ Williams, Holly (25 January 2024). "Haleon offloads ChapStick lip balm brand in £401m deal". The Standard. Retrieved 20 February 2024.
  16. ^ "Update: Proposed demerger of the Consumer Healthcare business from GSK to form Haleon". GSK. 6 January 2022. Retrieved 10 June 2022.
  17. ^ "Our Consumer Healthcare Brands". Haleon. Retrieved 19 July 2022.

External links

Haleon
GSK
FTSE 100 companies of the United Kingdom   → FTSE 250
Categories