P&G Unveils Major Divestiture: Batteries Not Included In Firm’s Future
This article was originally published in The Rose Sheet
Executive Summary
Firm’s announcement that it will split off or otherwise divest Duracell raises the question if other billion-dollar brands could follow. Separately, the firm confirms that Melanie Healey, North America head of operations – previously seen as a potential candidate to succeed current CEO A.G. Lafley – will retire in June 2015.
You may also be interested in...
P&G Leaves Further Divesting Out Of Value-Building Tool Box
P&G CFO Jon Moeller says splitting up or spinning off business units is a relevant question, but such moves would constitute a short-term approach while the firm is focused on long-term value building through innovation. He also discussed plans to boost promotional spending at the recent investor conference.
Kao Is ‘Best Fit’ For P&G’s Rumored Wella Divestiture – Euromonitor
If reports prove true and Wella hair care is the next brand on P&G’s chopping block, Kao would have much to gain from the acquisition while posing minimal competitive risk to P&G, Euromonitor analyst Oru Mohiuddin observes. The business could sell for upwards of $7 billion, sources told Reuters in December.
P&G Eyes Expanded Gillette Skin Care And Hair Care Offerings
Procter & Gamble will focus on growing Gillette's brand equity and product offerings in the mid term, P&G CFO Clayt Daley told analysts during an Oct. 3 conference call. P&G's $57 bil. acquisition of Gillette closed Oct. 1, one day after receiving FTC approval