Unilever America (NYSE:UL)
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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; email@example.com