- Household goods giant Reckitt Benckiser plans to raise prices in North America and Europe for some products.
- These price increases are intended to offset higher costs, particularly volatile oil prices, caused by the Iran war.
- The company previously implemented successful price increases in emerging markets, which saw like-for-like sales jump 9.4 percent in the second quarter, with 6.2 percent attributed to pricing.
- CEO Kris Licht stated that health brands are less impacted by price increases than hygiene products and that the company will also pursue other productivity measures.
- Reckitt launched a share buyback program worth up to 500 million pounds ($665 million) alongside its second-quarter results.
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