Reckitt to Sell Some Homecare Brands, Review Formula Unit (3)

Reckitt Benckiser Group Plc plans to sell some homecare brands and review options for its infant formula business as the consumer company seeks to revive growth after a period of poor performance.

Slower-growing homecare products, including Cillit Bang cleaners and Airwick air fresheners, generated almost £2 billion ($2.6 billion) in revenue last year, the UK-based company said in a statement, and a sale will help streamline the business.

The beleaguered consumer giant said it’s also considering all options for its infant formula unit, which has been hammered by legal woes in the US and a recent tornado in Indiana ...