UK watchdog requires Reckitt to license K-Y brand for 8 yrs

August 12, 2015 1:19 PM

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LONDON Aug 12 Britain's competition watchdog on Wednesday said consumer goods maker Reckitt Benckiser must license the K-Y brand in Britain to a third party for eight years, to assuage concerns about competition arising from its proposed purchase of the brand from Johnson & Johnson.

The Competition and Markets Authority said the purchase of K-Y personal lubricants by the owner of the Durex brand could lead to a "substantial lessening in competition making customers ... worse off due to higher prices".

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