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June 15, 2001
By: TOM BRANNA
Editor
Faced with slowing sales and a costly acquisition of the Clairol hair care business from Bristol-Myers Squibb, Procter & Gamble today detailed the steps it would take to improve its performance in fiscal 2002.According to A.G. Lafley, P&G’s chief executive officer, the company has rationalization plans for two key areas:In fabric & home care, P&G is modifying its initiative plans and rationalizing capacity in laundry worldwide, including tablet capacity and laundry powd...
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