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With Iams gone, company can focus on beauty and household business.
October 23, 2013
By: TOM BRANNA
Editor
With sales stalling and expenses rising, Procter & Gamble is considering selling its pet food business to boost its stock price, free up some cash and become more focused on its core business, according to industry reports. The company may have a willing buyer for its Iams pet-food unit in Meow Mix maker Del Monte Foods Co. P&G, which brought back AG Lafley as CEO in May amid calls from investors to improve sales, could boost its share price by selling assets including the Iams d...
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