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Personal Care, Drug & Grocery Stores / Nondurable Household Products
According to the statement, the discontinuation of Rocketbook, Inkbox, and Tattly will not impact BIC's 2025 financial forecasts. The company indicates that this decision will have a minimal impact on the current year's revenue and adjusted operating margin.
BIC's decision to withdraw from these activities stems from a thorough review, as indicated by the company. The performance of Rocketbook and other activities grouped under Skin Creative did not meet the group's ambitions. Rob Versloot, CEO of BIC, stated that each business unit must contribute to the group's growth and profitability, and these entities did not deliver the expected results, with their revenue and profitability significantly deteriorating since their acquisition.
The information presented in this article is provided for informational purposes only and does not constitute investment advice, a recommendation to buy or sell any financial instrument, or a solicitation to engage in any investment activity. Readers should conduct their own research before making any financial decision. Investing in the stock market involves risks, including the potential loss of capital. Past performance of any asset or market is not indicative of future results. Any investment decision should take into account your personal financial situation, objectives, and risk tolerance.
