P&G Sitting Pretty Three Years After Beauty Brand Purge
Executive Summary
Procter & Gamble has entered a new growth phase that leadership says validates its portfolio rationalization choices. The firm’s Beauty business, lighter by more than 40 brands that went to Coty in October 2016, achieved 4% organic growth in fiscal 2019. CEO David Taylor offered perspective on this "disrupted" P&G at the Barclays Global Consumer Staples Conference.
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