Reckitt Benckiser’s new chief executive promised to step up spending on its brands and improve performance after the British household goods maker cut its full-year sales forecast for a second time.

Reckitt Benckiser cut its full-year revenue target, after lower-than-expected sales in its last quarter under long-time chief executive, Rakesh Kapoor, hurt by a surprise slowdown in demand for infant formula in China.

Nestle, the world’s largest packaged food firm, said it would reorganise its infant nutrition business to improve performance, five months after the new CEO listed the category as one of its priorities for growth.