Godrej Consumer: Unilever Ends Brylcreem Brand License For India, S Lanka
20 Januar 2012 - 1:51PM
Dow Jones News
Godrej Consumer Products Ltd. (532424.BY) Friday said Unilever
Home & Personal Care Int. B.V. has terminated the Indian
consumer goods maker's license for the Brylcreem brand in India and
Sri Lanka with effect March 31.
Godrej Consumer will receive INR250 million from Unilever as
provided in the licensing agreement for the brand, it said in a
statement.
The development follows Anglo-Dutch consumer goods giant
Unilever N.V.'s (UN) acquisition of the global rights of the
Brylcreem brand as part of the purchase of Sara Lee Corp.'s (SLE)
personal care unit.
-By Rumman Ahmed, Dow Jones Newswires; 91-9845104173;
rumman.ahmed@dowjones.com
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