Procter & Gamble Company is an American multi-national consumer goods corporation.
The Procter & Gamble Company (P&G) is an American multinational consumer goods corporation headquartered in Cincinnati, Ohio, founded in 1837 by William Procter and James Gamble. It specializes in a wide range of personal health/consumer health, and personal care and hygiene products; these products are organized into several segments including Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine, & Family Care. Before the sale of Pringles to Kellogg’s, its product portfolio also included foods, snacks, and beverages. P&G is incorporated in Ohio.
In 2014, P&G recorded $83.1 billion in sales. On August 1, 2014, P&G announced it was streamlining the company, dropping and selling off around 100 brands from its product portfolio in order to focus on the remaining 65 brands, which produced 95% of the company’s profits. A. G. Lafley – the company’s chairman, president, and CEO until October 31, 2015 – said the future P&G would be “a much simpler, much less complex company of leading brands that’s easier to manage and operate”.
According to the CEO of the consumer goods mainstay, Procter & Gamble retains the right strategies to deliver balanced growth.
Procter and Gamble’s Lavatory Paper, through its brand, Charmin announced its interest in the NFT bandwagon by introducing a Non-Fungible Toilet Paper.
While the entire investing terrain seems marred by the COVID-19 pandemic, there are some stocks that still attract investors.