The Cincinnati Enquirer has a long piece asking if Procter & Gamble "could be the next Kodak?"
The comparison is not a positive one.
"More than five years into a turnaround, P&G executives have bet the company’s future on a plan to sell off a bunch of small brands to refocus the business on its 65 top-selling labels, including Pampers diapers and Tide detergent," the Enquirer writes. "For the last two years, executives urged investors to be patient while the company cut away more than 100 brands they didn’t want.
But now that the company is smaller, it needs to get back to growing again – or risk the wrath of Wall Street ... Waiting in the wings if things don’t go according to plan? A New York hedge fund with a track record of pressuring corporations to cut costs, sell assets and split apart has early this year taken a $3.2 billion stake in P&G."
You can read the entire story here.
The comparison is not a positive one.
"More than five years into a turnaround, P&G executives have bet the company’s future on a plan to sell off a bunch of small brands to refocus the business on its 65 top-selling labels, including Pampers diapers and Tide detergent," the Enquirer writes. "For the last two years, executives urged investors to be patient while the company cut away more than 100 brands they didn’t want.
But now that the company is smaller, it needs to get back to growing again – or risk the wrath of Wall Street ... Waiting in the wings if things don’t go according to plan? A New York hedge fund with a track record of pressuring corporations to cut costs, sell assets and split apart has early this year taken a $3.2 billion stake in P&G."
You can read the entire story here.
- KC's View:
