Haleon

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 plc
TypePublic limited company
ISINGB00BMX86B70
Industry
PredecessorGSK Consumer Healthcare
Founded18 July 2022 (2022-07-18)
HeadquartersWeybridge, Surrey, England
Area served
Worldwide
Key people
Products
Brands
RevenueIncrease £10,858 million (2022)[1]
Increase £1,825 million (2022)[1]
Decrease £1,119 million (2022)[1]
Total assetsIncrease £34,815 million (2022)[1]
Total equityDecrease £16,457 million (2022)[1]
Owners
Number of employees
22,000+ (2022)[2]
Websitewww.haleon.com

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] 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".[9]

Unilever offered £50 billion for the business in 2022, in a bid which GSK rejected.[10] Nestlé examined the possibility of a bid in conjunction with Reckitt.[11]

A proposed $600 million spin-off of the ChapStick lip care brand was mooted in 2023.[12]

In October 2023, GSK reduced its ownership share in Haleon to just over 7.4%.[13]

Operations

Oral health accounted for 28.5 percent of revenue in 2021.[14]

Gross assets amounted to over £45 billion on 31 March 2022.[14]

Brands
A selection of Aquafresh toothpaste and toothbrushes produced by Haleon

Brands include:[15]

  • Abreva (Docosanol)
  • Advil (Ibuprofen)
  • alli (Orlistat)
  • Aquafresh (oral healthcare)
  • Astring-o-Sol (oral healthcare)
  • Be-Total (leader in vitamins market in Italy)
  • Beechams Cold & Flu and Night/Day Nurse (cold and flu treatments)
  • Biotene (oral healthcare)
  • Boost (nutritional)
  • Breathe Right (respiratory)
  • Centrum (vitamins and naturals)
  • Cetebe (vitamins and naturals)
  • Chlorhexamed (oral healthcare)
  • Cholinex (analgesics and respiratory tract)
  • Citrucel (gastrointestinal)
  • Coldrex (cold and flu treatment)
  • Commit Lozenge (smoking cessation)
  • Committed Quitters (nicotine replacement)
  • Corega (oral healthcare)
  • Corsodyl (oral healthcare)
  • Crocin (analgesics and respiratory tract)
  • Dr. Best (oral healthcare)
  • ENO (gastrointestinal)
  • Eumovate (dermatological)
  • Fenbid (analgesics and respiratory tract)
  • Flonase (fluticasone propionate)
  • Formigran (analgesic/triptan)
  • Grand-PA (headache/toothache/pain and fever)
  • Hinds (dermatological)
  • Junior Horlicks (nutritional)
  • Iodex (pain relief)
  • Iodosan (cold and flu treatment)
  • Macleans (oral healthcare)
  • Maltova (nutritional)
  • Maxinutrition (nutritional)
  • Med-Lemon (hot, cold and flu medication)
  • Medacalm (vitamins and naturals)
  • Nicorette (nicotine replacement)
  • Night Nurse (cold and flu remedy)
  • NiQuitin CQ/ Nicoderm CQ/ Nicabate (nicotine replacement)
  • Odol (oral healthcare)
  • Odol-med3 (oral healthcare)
  • Os-cal (oral healthcare)
  • Otrivin
  • Panadeine (analgesics and respiratory tract)
  • Panadol (analgesics and respiratory tract)
  • parodontax (oral healthcare)
  • Piriton/Piriteze (anti-allergy)
  • Polident (oral healthcare)
  • Poligrip Ultra (oral healthcare)
  • Robitussin (respiratory)
  • Rutinoscorbin (vitamins and naturals)
  • Scott's Emulsion (vitamins and naturals)
  • Sensodyne (oral healthcare)
  • Shumitect (oral healthcare)
  • Solpadeine (analgesics and respiratory tract)
  • Super Poligrip (oral healthcare)
  • Super Wernet's (oral healthcare)
  • Synthol (oral healthcare)
  • Theraflu (Respiratory)
  • Tums (gastrointestinal)
  • Viva (vitamins and naturals), origin: Nepal
  • Voltaren (anti inflammatory)
  • Zovirax (dermatological)

Ownership

As of 2022, Pfizer owns 32 percent of Haleon, while GSK retains a 13 percent stake.[9]

References
  1. "Annual results 2022" (PDF). Haleon. Retrieved 2 March 2023.
  2. Sweney, Mark; Kollewe, Julia (18 July 2022). "GSK spin-off Haleon begins trading in biggest European listing in a decade". The Guardian.
  3. "GSK announces independent Consumer Healthcare company is to be called Haleon | GSK". www.gsk.com. 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. 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. Shane, Daniel (19 December 2018). "Advil meet Excedrin: Pfizer and GSK are merging their consumer healthcare businesses". CNN. Retrieved 10 June 2022.
  9. Donnellan, Aimee (9 June 2022). "GSK castoff starts life with target on its back". Reuters. Retrieved 10 June 2022.
  10. Jolly, Jasper (19 January 2022). "Unilever will not increase £50bn offer for GSK consumer arm". The Guardian. Retrieved 10 June 2022.
  11. "Nestle Eyed Biggest-Ever Deal in Aborted Move for GSK Unit". Bloomberg News. 25 May 2022. Retrieved 10 June 2022.
  12. Tse, Crystal; Nair, Dinesh; David, Ruth (24 February 2023). "GSK Spinoff Haleon Explores Potential $600 Million Sale of ChapStick Brand". Bloomberg. Retrieved 28 February 2023.
  13. "GSK raises $1.1 billion from Haleon stake sale". Reuters. 2023-10-06. Retrieved 2023-10-09.
  14. "Update: Proposed demerger of the Consumer Healthcare business from GSK to form Haleon". GSK. GSK. Retrieved 10 June 2022.
  15. "Our Consumer Healthcare Brands". Haleon. Retrieved 19 July 2022.
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