Sara Lee has announced a further step toward their plan to focus on food and beverage products with the sale of the air care business to consumer products giant Procter & Gamble. The binding offer of €320 million (A$524 million) was accepted earlier this month by Sara Lee as long as certain, unspecified conditions are met. In fiscal 2009, this business generated annual sales of approximately €260 million. “The proposed sale of our air care business is the next step in our plan to focus... ...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 world’s largest consumer goods company, Procter & Gamble, saw volumes drop as the downturn began to have an impact on their business in the December quarter, a possible sign of the impact of private label. Procter & Gamble’s heightened prices helped shield them from major revenue declines, however. “As expected, this was a particularly challenging quarter,” said Chairman and Chief Executive Officer A.G. Lafley. “Despite this, we grew organic sales two per... ...Read more »

A lawsuit regarding Procter & Gamble patents for packaging of their Folgers Coffee brand has been settled amicably with Kraft. P&G filed a lawsuit against Kraft for alleged infringement of packaging patents by Kraft’s Maxwell House. P&G suggest that the packaging of Folgers gives a competitive advantage and claimed the innovation of their containers had helped grow the Folgers brand. “We are delighted by the terms of this settlement and will not hesitate to do what... ...Read more »

Leading global manufacturers Kraft Foods, Nestlé and The Procter & Gamble Company, along with German-based retailer Metro Group, announced today they have extended the use of the Global Data Synchronization Network (GDSN) to synchronize item data in Russia.The supply-chain partners are leveraging the GDSN connections of two world-leading GDSN data-pool providers. Kraft, Nestlé and P&G are members of 1SYNC, the world’s largest data pool; while Metro Group uses SA2 Worldsync as its... ...Read more »