×
75 564
Fashion Jobs
JCPENNEY
Asset Protection Associate - Plaza Bonita
Permanent · National City
JCPENNEY
Sales Floor Supervisor - South Park Mall
Permanent · San Antonio
JCPENNEY
Asset Protection Associate - Alderwood Mall
Permanent · Lynnwood
JCPENNEY
Sales Floor Supervisor - Washington sq
Permanent · Portland
JCPENNEY
Sales Floor Supervisor - Great Lakes Mall
Permanent · Mentor
ON RUNNING
sr Financial Analyst - Commercial Finance
Permanent · PORTLAND
ON RUNNING
Finance Systems Specialist
Permanent · PORTLAND
REISS
Area Visual Manager- South East
Permanent · MIAMI
URBN
Anthropologie Visual Merchandising Manager
Permanent · NEW YORK
URBN
Free People Assistant Visual Manager
Permanent · MIAMI
URBN
Free People Merchandise Planner
Permanent · PHILADELPHIA
SACK OFF 5TH
Asset Protection Investigator
Permanent · RIVERHEAD
BANANA REPUBLIC
Manager, Marketing Operations
Permanent · SAN FRANCISCO
OLD NAVY
Asset Protection Service Representative - Shops at Bruckner bl
Permanent ·
GAP INC.
sr Analyst, Finance - Forecast & Budget (Remote)
Permanent · ALBUQUERQUE
OLD NAVY
General Manager-Arsenal Yards
Permanent · WATERTOWN
CROCS
Crocs: Retail Area Manager Boston, ma
Permanent · BOSTON
NORDSTROM
Asset Protection - Agent - Midtown Mall Rack
Permanent · Anchorage
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Glendale
Permanent · GLENDALE
MICHAEL KORS
Part-Time Sales Supervisor, Fresno, ca
Permanent · Fresno
TJ MAXX
lp Detective-Southland
Permanent · Miami
HOMEGOODS
70118-lp Detective
Permanent · Birmingham
Published
Nov 17, 2014
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Procter&Gamble continues to reorganize portfolio and sells Duracell

Published
Nov 17, 2014

In the midst of overhauling its brand portfolio, Procter&Gamble (P&G) has sold Duracell to Berkshire Hathaway, the holding company overseen by billionaire Warren Buffett.

Photo: Pantene


The sale occurred with the surrender of shares owned by Procter & Gamble to Berkshire Hathaway (about $3 billion), according to the AFP. The news agency said that P&G would additionally receive $1.1 billion in cash. In total, the transaction amounts to $6.5 billion dollars. 

This sales follows an announcement made in August by the US health and beauty product giant, worth $83.1 billion dollars, that its aim is to return to growth by reorganizing its brand portfolio.   

Procter&Gamble CEO AG Lafley explained his intention to focus on "70-80 strategic brands” and to “stop or sell the remaining 90-100 brands.” 

The strategy seems to be taking shape. On Thursday, November 13, during a conference call with analysts, AG Lafley said he aims to revitalize the company’s beauty division - in particular brands such as Pantene and Olay, which respectively account for $3 and $2 billion, according to Women's Wear Daily.

1 USD = 0.639092 GBP

Copyright © 2023 FashionNetwork.com All rights reserved.