Company News, Financial News

Beware of Submerging Markets says Henkel

Growth slows in emerging economies.

Author Image

By: TOM BRANNA

Editor

Henkel has joined other multinational household and personal products companies in taking a more cautious view of growth in emerging markets as it reported second quarter results in line with expectations. The maker of Persil, Prill, Purex and other popular brands today revised its growth forecast for emerging market economies downwards slightly and now expected consumer spending in those countries to rise by 4% in 2013, compared with a previous forecast for 5%. Still, Henkel maintained its ...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters