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P&G Scraps Business Unit

GBUs are down to two with Steele's retirement.

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By: TOM BRANNA

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Procter & Gamble Co. said it will consolidate its three global business units into two:beauty and grooming and household care, with its oral care and feminine care business becoming part of the beauty and grooming unit. The consolidation of GBUs is designed to cut costs within P&G. P&G spokesman Paul Fox said the consolidation “will ensure that each business gets the full investment required to grow globally” and that there “will be a benefit of operating synergies.” ...

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