Glenmark divests VWash, a female intimate hygiene wash, to Hindustan Unilever

Glenmark Pharmaceuticals announced that it has entered into an agreement with Hindustan Unilever (HUL) for divestment of its VWash brand and other extensions. Under this agreement, the brand and other trademarks, copyrights, know-how associated with Glenmark’s VWash business will be transferred to HUL.

Glenmark will receive an upfront payment and royalty on sales for three years. No employees will be transferred as a part of this agreement.

The transaction is expected to be completed in the next few months subject to customary approvals.

Register as Visitor to CPhI China 2020!

-----------------------------------------------------------------------
Editor's Note:

En-CPhI.CN is a vertical B2B online trade platform serving the pharmaceutical industry,

for any copyright disputes involved in the articles,

please email: Julia.Zhang@imsinoexpo.com to motify or remove the content.