footcare

With the addition of northern Rhode Island neighbors Atlantic Footcare, Ocean State Book Binding, Beck Companies, VPI and Larson, Giovanucci is hoping to hit 20,000 per day by the end of this week.

Atlantic Footcare, which mostly made insoles for boots and sneakers, was given dispensation to remain open during the COVID-19 crisis because it is a military supplier.

The auction of footcare brand Dr. Scholl’s, on which Bayer is working with investment banking boutique Sawaya, is expected to start at the end of January, they said.

Reckitt, which also makes Scholl footcare products and Nurofen tablets, is not courting private equity firms, said the sources, given the strong initial interest from industry players, which are usually able to pay more due to synergies with their existing businesses.

Reckitt said part of that decline stemmed from disappointing sales of a new model of a foot file, used for buffing away dry skin, developed at its Scholl footcare unit.