An announcement has been made by United Brands Limited (UBDL) discontinuing Johnson & Johnson products in Pakistan. They have basically discontinued Johnson & Johnson products from their business portfolio.
PSX notification revealed that United Brands is discontinuing businesses under the Johnson & Johnson brand from their portfolio. This will cause them a loss of revenue of approximately Rs.70 million on a monthly basis.
The company gave no reason as to why it is discontinuing Johnson & Johnson brand products.
Earlier, back in April 2019, United Brands also discontinued Mars, Wrigley’s, Haleeb Foods, Unilever, Heinz and IFFCO distribution from its business portfolio. It resulted in around PKR 58 million revenue loss per month to the company.
It is pertinent to mention here that United Brands Limited is a popular distributor of consumer goods in Pakistan. These consumer goods include food products, baby range, tea, flavored milk, dairy products, confectionery, drinks, cereals, sweetener along with skincare, deodorants and cosmetic products.
UBL is one of the largest distributions houses in Pakistan. The company has experience in import, distribution, sales, and marketing of products. UBL discontinuing Johnson & Johnson products in Pakistan will disappoint the customers. Especially mothers who use Johnson & Johnson products for their kids would have to look for alternate options.