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.
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