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P&G Continues to Shed Brands

A trimmed down P&G will include 65 brands in 10 categories.

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By: TOM BRANNA

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Procter & Gamble's planned sale of 100 brands will reduce annual sales by 14%, or about $11 billion. The move follows the sale of 35 brands to date. When the consolidation process was first announced, P&G had expected it would trim sales by 10%. The extra cost-cutting spooked investors, as shares dipped 1.22% at the close of yesterday's trading. However, analysts say a fit and trim P&G will consist of 65 leading brands in 10 key categories that are structurally att...

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