CINCINNATI — Multiple threats directed to the downtown Cincinnati offices of Proctor and Gamble prompted SWAT units Wednesday morning and a closure of the offices.
On Monday, the Ohio Tax Credit Authority approved a tax break for the $501 million expansion project. The Lima plant will be the only P&G plant in the world to produce their Gain and Downey Unstoppable Laundry Scent Beads.
The shares of Procter & Gamble (NYSE: PG) have received a $175 price target from Truist. These are the details.
Lumen, a leading American Internet provider to Russia, announced Tuesday that it was severing business relations in the country, a move likely to increase Russia’s isolation as its citizens slip behind what some analysts are calling a new digital Iron Curtain.
“In light of the unwarranted and unprovoked invasion of Ukraine, Cogent is terminating all of your services effective at 5 PM GMT on March 4, 2022” – Cogent.
A look at what’s under the hood of P&G’s recent skin-care acquisitions and how the conglomerate is learning from its mistakes.
Procter & Gamble is betting big on the beauty of prestige. The consumer goods giant is acquiring Tula Skincare — its third deal in two months and appears to be its biggest, too. Terms of the deal were not disclosed, but Tula — a probiotic- and superfood-based skincare line founded by gastroenterologist Roshini Raj, Bobbi … Read more
- Edgewell, the maker of Schick, Wilkinson Sword and Skintimate, has acquired DTC razor brand Billie for $310 million in cash. The deal has closed after being cleared under the Hart-Scott-Rodino Antitrust Improvements Act, the company announced in a press release Monday.
- Billie will continue to be led by its co-founders, Georgina Gooley and Jason Bravman.
- The deal comes after the Federal Trade Commission moved to block two deals of similar nature: Edgewell’s acquisition of Harry’s and P&G’s acquisition of Billie.
P&G, under its Gillette banner, has mainly sold Venus razors as its marquee women’s offering since 2000. But it believes that while Venus shoppers want “the best,” while shoppers of its new brand, Joy, are looking for simplicity and a lower price. However, pointing to customer requests for “simplicity” is a subtle dig at Gillette’s decades-old strategy, centered on debuting “new innovations” such as updated designs and endless blades that bring only marginal benefits to consumers. Joy’s launch is partial proof that this tired remix formula, which is core to big CPG brands, is losing its effectiveness. It also illustrates that P&G is attempting to move in a new direction.