We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

P&G Chief Exec Hints At Tough Measures To Turn Company Performance Around

August 1, 2013: 12:00 AM EST
Procter & Gamble could be taking some stern measures – including possibly some product divestitures – to right its financial ship, its chief executive has suggested. The company, which  reported a steep drop – 48 percent – in profit in the fiscal quarter that ended in June, is particularly concerned about its U.S. business, which has been criticized for emphasizing premium products over more affordable options. Chief Executive A.G. Lafley said the company also needs to ensure that its products are available everywhere people shop, including online and in small urban stores. Lafley said only a “handful” of its 25 consumer brands were performing really well.
Barney Jopson, "P&G chief raises prospect of product exits", The Financial Times, August 01, 2013, © The Financial Times Limited
Market News
North America
United States of America
United Kingdom
Comment & Opinion
Companies, Organizations
Market News
Products & Brands
Developed by Yuri Ingultsov Software Lab.