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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
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