Reckitt unveils two billion pound revamp, takes big Mead writedown

(Reuters) - British household goods maker Reckitt Benckiser launched a corporate revamp on Thursday that will invest 2 billion pounds in its business over three years as it seeks to reclaim ground lost to sector peers and generate stronger revenue growth.The results of a strategic review by new Chief Executive Officer Laxman Narasimhan also saw the company take a 5 billion pound writedown on its 2017 acquisition of infant formula maker Mead Johnson, valued at the time at almost $17 billion...