Monday, December 23

Tag: Procter & Gamble

P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price.
5Dec By adminNo Comments
World

P&G Bought Gillette 18 Years Ago. It’s Still Paying the Price.

Updated Dec. 5, 2023 4:45 pm ETProcter & Gamble said it was booking a $1.3 billion charge on its Gillette business, adjusting the value of a shaving giant that it took over nearly two decades ago.  P&G bought Gillette for stock initially valued at $54 billion in 2005, making it a dominant player in the global razor business. The unit has struggled in recent years as upstarts, such as Dollar Shave Club and Harry’s, have entered the market with lower prices. As of June 2023, P&G estimated its grooming business was worth about $14.1 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
15Nov By adminNo Comments
Money

Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter.The company also sold off smaller positions in Procter & Gamble, Mondelez International and United Parcel Service, while trimming its investments in Amazon.com, Chevron and HP, among others.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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P&G Washes Away Consumer Blues Everywhere but China
19Oct By adminNo Comments
Money

P&G Washes Away Consumer Blues Everywhere but China

Oct. 18, 2023 11:29 am ETProcter & Gamble sees a recovering consumer everywhere but in one market, which just so happens to be the world’s second-largest economy. That is encouraging news for the company itself, but an unsettling message more broadly about the state of China. The maker of Tide detergent and Gillette razors on Wednesday said its organic sales, which strip out the impacts of currency movements and mergers, rose 7% from a year earlier in the three months through September. As has been the case in prior quarters, this was entirely thanks to price increases, as underlying volumes fell 1%. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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