Gillette
This article was originally published in The Rose Sheet
Executive Summary
J.P. Morgan hired to explore strategic alternatives for Braun hair care, personal diagnostics and household products, including the potential sale of the businesses. Braun's hair removal and oral care lines are not included in the review; the products under consideration make up 35% of the business. Braun sales fell 9% to $1.58 bil. in 1999; the business has been a drain on Gillette's overall sales in recent quarters. The company recently hired Merrill Lynch to sell its stationery business, which also has been targeted as a divestiture candidate (1"The Rose Sheet" Feb. 21, In Brief)
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Gillette
Braun personal care appliance brand retained as a supporting line and marketed in key geographic areas where it performs well, Gillette states during a media conference call July 20. The announcement follows an ongoing review conducted by J.P. Morgan (1"The Rose Sheet" Feb. 28, In Brief). Gillette is in negotiations with NewellRubbermaid regarding the sale of its stationary business. Second quarter blade and razor sales rose 8%, while toiletries slipped 14% due to negative currency effects and the March divestiture of White Rain. Gillette may experience additional blades and razors sales growth in the second half of the year with the anticipated debut of a triple-bladed razor for women. Overall second quarter sales increase 2% to $2.25 bil. Gillette reports a loss of $131 mil. compared to earnings of $300 mil. the prior year
Gillette
Braun personal care appliance brand retained as a supporting line and marketed in key geographic areas where it performs well, Gillette states during a media conference call July 20. The announcement follows an ongoing review conducted by J.P. Morgan (1"The Rose Sheet" Feb. 28, In Brief). Gillette is in negotiations with NewellRubbermaid regarding the sale of its stationary business. Second quarter blade and razor sales rose 8%, while toiletries slipped 14% due to negative currency effects and the March divestiture of White Rain. Gillette may experience additional blades and razors sales growth in the second half of the year with the anticipated debut of a triple-bladed razor for women. Overall second quarter sales increase 2% to $2.25 bil. Gillette reports a loss of $131 mil. compared to earnings of $300 mil. the prior year
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