P&G a company we all know and love has announced a reorganization on Tuesday. Proctor and Gamble is splitting into two divisions after their well being unit vice Chairman of the company plans to retire. What remains of the global company is the beauty and grooming division and the household care division. All of the divisons are now being evenly split and run by newly appointed vice chairmans. Im sure these new divisions can only make a great company we love and trust even better. Only time will tell how the Global company will proceed or if it will affect the market in anyway shape or form.
http://online.wsj.com/article/SB10001424052748703445904576117954242388250.html?mod=WSJ_Consumerproducts_leftHeadlines
Maybe by the company splitting some of the products will split or we could see new products coming out.
ReplyDeleteThis is a huge deal for out industry. Proctor and Gamble is a Fortune 500 company, and is 6th on Fortune's 2010 Most Admired List.
ReplyDeleteI noticed that at the bottom of the article you included, it noted that P&G generated less revenue than expected in the fourth quarter last year. Maybe this reorganization is a protective strategy; In case one division of the company starts to weaken, the other is still prospering because it's operations are now unrelated to the other division's. That way it looks like the company is doing just fine.