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Haleon to sell ChapStick brand to Suave Brands Company

Haleon plc has entered into a binding agreement to sell the ChapStick brand to Suave Brands Company, generating $430 million in cash proceeds.

Brian mcnamaraSuave brands companyYellow woodSuave brandsChief executive officerWhile chapstick

BUSINESS LIVE: Haleon to sell ChapStick; Workspace boss to retire

Among the companies with reports and trading updates today are Haleon, Workspace, Wizz Air, Dr Martens, Foxtons, Fever-Tree and PPHE.

Israel generalUnited kingdomNew yorkUnited statesGeorgia generalPershing squareCity ofTel avivBrian mcnamaraGraham clemettDuncan owenGraham stapletonNeri oxmanElon muskHargreaves lansdownAarin chiekrie

ChapStick to be sold to US private equity-backed firm

Haleon s chief executive, Brian McNamara, said that while ChapStick was a strong brand much loved by consumers, it was no longer a core focus for the group.

Brian mcnamaraSuave brandsYellow wood partners owned suaveWhile chapstick

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