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P&G reported a net loss of about $5.24 billion, or $2.12 per share, for the quarter ended June 30, due to an $8 billion non-cash writedown of Gillette. For the same period last year, P&G's net ...
Procter & Gamble said on Tuesday a write-down of its Gillette business and lower price increases hampered its financial results.
Oxydol sold to Redox Brands in 2000; Oxydol was P&G's first popular laundry soap, then later became a laundry detergent after Tide was introduced in 1946. Perla laundry bar soap (Philippines), sold to SCPG Asia-Pacific Inc. in 2016; Pert Plus was sold to Innovative Brands, LLC in July 2006. Prell shampoo sold to Prestige Brands International in ...
P&G initiated its fiscal year profit outlook in a range of $6.25 to $6.43. Wall Street analysts expected $6.38. Gross profit margins rose to 48.4% from 44.6% a year ago.
P&G was one of the first mainstream advertisers on Spanish-language TV during the mid-1980s. [81] [82] By the late 1990s, P&G was established as the largest advertiser on Spanish-language media. [83] In 2008, P&G expanded into music sponsorship when it joined Island Def Jam to create Tag Records, named after a body spray that P&G acquired from ...
Gillette is an American brand of safety razors and other personal care products including shaving supplies, owned by the multi-national corporation Procter & Gamble (P&G). Based in Boston , Massachusetts , United States, it was owned by The Gillette Company , a supplier of products under various brands until that company merged into P&G in 2005.
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities.
In December 2015, Gillette brand owner Procter & Gamble filed a patent infringement lawsuit that claimed Dollar Shave Club used its patented formulas to manufacture copycat blades. [ 32 ] [ 33 ] In February 2018, the company launched in the United Kingdom.