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P&G May Sell Comet

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By: TOM BRANNA

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Procter & Gamble announced today it is exploring a possible divestiture of its Comet retail brand in North America.“Although Comet is a profitable and recognized brand, it is no longer a strategic fit for us,” said P&G vice president and general manager home care Colleen Jay. “We are putting more focus against building big brands that offer the greatest potential for global growth.”P&G has retained Goldman, Sachs & Co. and is in the process of soliciti...

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