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Blames operations in Argentina and Nigeria, along with an impairment to its Gillette business.
December 7, 2023
By: TOM BRANNA
Editor
Gillette continues to cut into Procter & Gamble's results. The world's largest consumer products company will take up to $2.5 billion in charges over the next two fiscal years related to a restructuring of some operations and impairment costs. The company said in a regulatory filing Tuesday that the restructuring would take place primarily in certain enterprise markets, including Argentina and Nigeria, “to address challenging macroeconomic and fiscal conditions.” A big...
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