Activist Investor 'Buzz' Annoys Colgate CEO As Earnings Sting Shareholders
This article was originally published in The Rose Sheet
Executive Summary
Colgate CEO Ian Cook says speculation its recent organic sales misses and competitive pressure make it an activist investor target is “noise” and the firm will combat competitive pressure through increased advertising, growing e-commerce and expanding its natural product lines.
You may also be interested in...
Colgate Enters Pro Skin-Care Market With PCA Skin, EltaMD Buys
The oral-care leader picks up two of the fastest-growing names in professional skin care with separate deals expected to close in the first quarter of 2018, according to a Dec. 18 announcement.
Activist Investor Forces P&G's Hand: Shareholder Vote On Joining Board
Nelson Peltz's Trian Fund Management, with a stake of around 1.5%, isn't satisfied with P&G progress from multiple initiatives across more than five years toward gaining market share for its health, personal and household care products and increasing margins.
Colgate Rolling Out Natural Extracts Line To Premiumize, Compete Locally
Leadership is confident that consumers haven't stopped brushing their teeth, but Colgate-Palmolive's sales slowed considerably during the fiscal 2017 first quarter, particularly in North America. The firm is seeing success with innovations at higher price points while facing increased competition from local brands, factors that informed development of Colgate Natural Extracts, launching now in markets outside the US.