• Friday, August 19, 2022

Business

India’s Godrej Consumer Sells UK Business to JZ International for £34 Million

India’s Godrej Consumer Sells its UK Business to JZ International for £34 Million.

By: Radhakrishna N S

India’s consumer goods company, Godrej Consumer Products Ltd (GCPL) sold its UK business, Godrej Consumer Products UK Limited to JZ International Ltd for £34 million as part of its efforts to focus more on Asian, African, and Latin American counties. JZ International is a leading pan-European private investment business headquartered in London and the agreement between the two parties will come into force with immediate effect. Godrej UK was the company’s first ever international purchase in 2005, and had brands such as Touch of Silver, Cuticura, and others. Godrej Consumer Products UK Limited contributed five per cent of its parent…

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