USA: P&G to shed remaining food and drinks brands, say analysts, but who will buy the unit?
Consumer goods firm Proctor & Gamble could be about to shed its remaining food and drinks brands, say analysts. Last week, the Cincinnati-based consumer goods company revealed its latest restructuring plans with the slashing of nearly 10,000 jobs, and reiterated its intention to focus more narrowly on core brands. What this adds up to, according to market analysts, is the realisation that P&G is simply too big to handle effectively, with too disparate a product range, and that food and beverage businesses may well go to the highest bidder.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Column: Why snacking is the new meal
- Who will buy Danone's Stonyfield business?
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre