Company News

Dollar’s Slide Boosts Outlook for Gillette

Author Image

By: TOM BRANNA

Editor

Shares of consumer products maker Gillette Co. climbed Wednesday amid growing confidence it is heading in the right direction for a recovery, partly bolstered by a decline in the U.S. dollar. The manufacturer of Mach3 razors and Duracell batteries rose $1.59, or 5.7%, to $29.50 by the close of New York Stock Exchange trading.“This is a sign of increased investor confidence in the company,” said Jason Fox, a researcher at H&R Block Financial Advisors.Gillette’s chairman and...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters