Newell Brands is aiming to sell or even shut down businesses totaling sales of $250 to 300 million by the end of this year, said its management, giving some indications that Coleman will not be part of the package. It wants to retain brands and geographies that offer the strongest potential for growth in sales and margins. The integration of the former Jarden Corp. into the former Newell Rubbermaid is proceeding swiftly. It should yield cost savings that will come at the high end of a previously forecast range of $50-80 million in 2016, rising to about $175 million annually thereafter. A new operating model will be in place by the beginning of 2017 that will see more centralized functions in areas such as R&D and marketing – and also in sales, with a separate corporate sales team to address the 20 major retail accounts in the U.S.
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