Gillette
This article was originally published in The Rose Sheet
Executive Summary
Decision on future of stationary products business to be determined "early this year," the company announces Feb. 14. Gillette has retained Merrill Lynch to help in the consideration of strategic alternatives for the under-performing business. An internal review of the stationary unit and part of the Braun shaving business commenced in October following a series of quarterly sales declines. Gillette's stationary business includes Paper Mate and Parker pens. Gillette purchased Parker for $450 mil. in May 1993