Procter & Gamble (P&G) has reportedly turned down a proposal to merge its Pringles snacks business with US snack maker Diamond Foods. According to a report from Bloomberg on Friday evening (17 September), P&G was in talks with Diamond, but stopped negotiations amid concern about how the potential deal was structured. Bloomberg said the two companies were in talks over a “spin merger” that would have given P&G the chance to sell Pringles in a tax-free merger, while giving... ...Read more »

Forget TV and billboards, the hottest place to advertise is online! Joining the ranks of dancing babies, sneezing pandas and dance-crazed bridal parties, Procter & Gamble’s Bounty “Bring It” music video debuted on YouTube March 12, 2010.The first-ever music video from the Bounty brand puts a humorous spin on a paper towel product demonstration set to rap music performed by the “Paper Towel Gang.” The video, approximately two minutes in length, showcases an actual... ...Read more »

The Procter & Gamble Company delivered net sales growth of six per cent for the October – December quarter to US$21.0 billion. Organic sales grew five per cent which was better than expected. Organic volume also experienced growth of five per cent. Organic sales were quoted to be driven by initiative activity, strengthened marketing plans, targeted improvements in consumer value, market growth in some businesses and a base period that was impacted by trade inventory reductions and consumption... ...Read more »

Procter & Gamble Chairman A.G. Lafley has decided to retire from the consumer products giant, almost a decade after first taking on the role. Mr Lafley, who became President, Chairman and CEO in June 2000, will leave on February 25, 2010. His place will be taken by Robert McDonald, who took on the roles of President and Chief Executive Officer when Mr Lafley vacated those positions in July. “Since becoming president and chief executive officer in June 2000, A.G. Lafley has refocused... ...Read more »

Consumer products giant, the Procter & Gamble Company, last night announced organic sales growth of two per cent “on better than expected results across most business segments”. The maker of Pringles raised its outlook for the October – December quarter and fiscal 2010 organic sales growth citing modestly higher expectation for market growth. “Our September quarter results give us encouragement we are making the right choices to grow market share profitably,” said... ...Read more »

Consumer products company Procter & Gamble has told shareholders overnight that their growth will be driven by reaching out to more consumers with new innovations and strong brands. President and Chief Executive Officer, Bob McDonald, said the company today served about four billion of the world’s seven billion consumers but aimed to reach five billion over the next five years. “Our choices are a natural evolution of the strategies that have been working for nearly a decade,”... ...Read more »

Consumer products giant Procter & Gamble is expecting a rebound in sales in response to price cuts and the addition of new value sizes to their range. The maker of Pringles will reportedly cut prices on around 10 per cent of their range to boost market share. “We acted with urgency to protect the structural economics of our business last year, and we are acting with urgency this year to deliver profitable market share growth,” President and Chief Executive Officer, Bob McDonald, explained. Chief... ...Read more »

Procter & Gamble, the maker of some of the world’s most well-known consumer brands, has booked a rise in full-year profit despite a decline in market share. The company admitted that pressure on beauty and snack brands had been intense, leading to an 11 per cent decline in fourth quarter sales. “In fiscal 2009 and particularly in the fourth quarter, P&G faced one of the most difficult macroeconomic environments in decades,” A.G. Lafley, Chairman of P&G, said. “We... ...Read more »

Consumer products giant Procter & Gamble, has announced a change at the top of their organisation, with Robert McDonald taking over the role of CEO from A.G. Lafley. Since becoming President and Chief Executive in June 2000, Mr Lafley has overseen a company that has more than doubled sales and has grown its portfolio of billion-dollar brands – from 10 to 23. “A.G. Lafley has led the transformation of P&G over the past nine years,” Jim McNerney, Presiding Director of P&G’s... ...Read more »

The annual Global 100: Most Sustainable Corporations in the World list has featured nine companies that either manufacture or distribute consumer staples, two more than last year. Announced at the Economic Forum in Davos, the world’s 100 most sustainable corporations list was created for the fifth time by Corporate Knights Inc. and Innovest Strategic Value Advisors Inc., and once again did not feature any Australian companies outside of the financial and materials sectors. Coca-Cola (beverages),... ...Read more »