Colgate on pricing
This article was originally published in The Rose Sheet
Executive Summary
Colgate toothpaste price increases slated for mid-year will occur regardless of whether Procter & Gamble does the same with Crest, Colgate CEO Ian Cook informed analysts during Goldman Sachs Consumer Products Conference May 12. "We feel the brand can support it, and the costs on the business suggest a need for it," he said. He added that it seems "there is some price movement happening" with other brands. Colgate and P&G recently announced plans to raise product prices this year in order to offset higher commodity costs ( 1"The Rose Sheet" May 12, 2008, p. 6)...