Procter & Gamble is not hurt by the corona crisis. The FMCG giant saw a sharp increase in sales and profits in the past quarter, fuelled by increasing demand for laundry and cleaning products during the pandemic.
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FMCG producer Procter & Gamble performed better than expected last quarter. The company is increasing its turnover and profit forecast for the current financial year.
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Big names such as Procter & Gamble, Unilever, Nestlé, Coca-Cola and Carrefour have started a trial project of collecting empty packaging at their consumers' homes for re-use. They want to reduce waste and create a circular working system.
Global brands are increasingly struggling to ward off smaller, local companies. Some even believe the brands’ golden age has passed. That may be presumptuous, but there are some noticeable trends.
Procter & Gamble has announced new sustainability targets for 2030, as it has already – for the largest part – reached its 2020 targets. One of its goals is to make sure that all packaging is recyclable or reusable.
Procter & Gamble appointed a new CEO for its French and Benelux activities. Starting 1 January 2018, current marketing manager Benjamin Binot will succeed Christophe Duron.
Procter & Gamble’s third quarter of 2016/2017 yielded meagre results once again. Autonomously, turnover grew another 1 %, but net turnover dropped 1 %.
Procter & Gamble will manufacture a new Head & Shoulders bottle, partially made from washed-up plastic. The bottle will also be fully recyclable.
Procter & Gamble's fourth quarter turnover was lower than last year's fourth quarter, mainly because of negative exchange rate fluctuations and its divestment from Venezuela.
Procter & Gamble has launched an online subscription service for its Tide detergent, which is currently only available in Atlanta.
The Spanish Bureau of Competition has ruled that Belgian diaper manufacturer Ontex has to pay a 5.15 million euro fine for several breaches of the Spanish and European competition laws. Ontex will appeal the decision.
Procter & Gamble says its second quarter was decent after core business turnover increased again, partially because of price hikes. Previously, the company managed to offload underperforming brands.