Originally published Monday, August 24, 2009 at 9:10 AM
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P&G sale fits strategy
Cincinnati-based Procter & Gamble Co. has been selling slower-growth brands to focus more on consumer businesses it thinks has higher potential. Some examples from the past year:
The Associated Press
Cincinnati-based Procter & Gamble Co. has been selling slower-growth brands to focus more on consumer businesses it thinks has higher potential. Some examples from the past year:
SOLD:
- Prescription drug business to Warner Chilcott PLC
- Noxzema skin care brand to Alberto-Culver Co.
- Folgers coffee to J.M. Smucker Co.
BOUGHT:
- Zirh, an upscale men's skin care line
- The Art of Shaving, high-end men's grooming
- Carnett's car washes, for rebranding as Mr. Clean car washes
ON THE BLOCK?
Other major brands analysts think P&G brands could sell include:
- Braun appliances
- Duracell batteries
- Pringles snacks
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