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Market Analysts See No Sense In P&G CEO's Plan To Sell Some Brands

April 23, 2015: 12:00 AM EST
Some market analysts are expressing doubts about Procter & Gamble CEO A.G. Lafley's plan to sell about half of the company's brands. P&G announced profit fell 17 percent to $2.1 billion in the third quarter of fiscal 2015, compared with $2.6 billion in the same quarter in 2014. Net sales dropped 7.6 percent to $18.1 billion, compared with $19.6 billion in the previous year. Analysts forecast the company to earn more than $18.4 billion for the quarter.
Barrett J. Brunsman, "Lafley’s strategy questioned as P&G sales, profits slump", Cincinnati Business Courier, April 23, 2015, © American City Business Journals
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