P P&G Brands Bag Viva Beauty Awards
&G BEAUTY BRANDS Wella and Braun Satin Hair
were named as Viva readers’ ultimate beauty
products at the Viva Beauty Awards 2008 held in
Dubai. Wella Koleston was named Best Hair
Colourant, while Braun Satin Hair was triumphant
in the Best Curling Iron category and runner-up for
Best Straightener. The ceremony, held at the
Monarch hotel in Dubai last month, honored the
most premium beauty brands in the Middle East,
with the winners selected by a panel of beauty
experts from the fields of hair care, skin care and
makeup. In the category of Best Hair Colourant,
Wella Koleston, the premium brand of home coloring
products, was chosen as winner.
the sales level at the beginning of the decade.
Gross margins improved 60 basis points to 52%.
For fiscal 2008, the company has restructured its global
business units into three groups: Beauty (beauty and
grooming), Health and Well-being (health care, snacks, coffee and pet care) and Household Care (fabric care and home
care, baby care and family care).
For the nine months ended March 31, 2008, P&G’s sales
rose 9% to $62.2 billion and net income rose 2% to $9 billion. Sales of beauty products rose 8% to $14.4 billion.
Grooming product sales increased 11% to $6.1 billion.
Health care sales increased 9% to $10.9 billion, and fabric
and home care sales increased 10% to $17.7 billion.
In May, P&G put its Stamford, CT property on the market. The nearly 33-acre site had been the home of Clairol.
“Clairol has enjoyed its tenure in Stamford. Now with
the sale of this property we are committed to bringing a
positive influence to the future of Stamford as a vital community,” said Patrice Louvet, vice president and general
manager of P&G global retail hair color, in a statement.
Also in May, P&G announced that G. Gilbert Cloy, chief
technology officer, will retire Sept. 1, 2008 after more than
33 years of service. Bruce Brown, who had been vice president, research & development, global hair care and global
hair colorants, is the new CTO.
Last month, P&G sold its Folgers coffee business to J.M.
Smucker Company. The all-stock transaction is valued at
“Strategically, P&G has exited certain categories in
order to focus on our core businesses and enhance the
growth profile of the portfolio,” said A.G. Lafley, chairman
and chief executive officer of Procter & Gamble. “The structure and terms of this transaction deliver on the goals we
stated for the separation of the coffee business from P&G.
This transaction maximizes the after-tax value of the coffee
business for P&G shareholders and minimizes earnings
per share dilution.”
Also last month, P&G elected Ed Shirley, 51, vice chairman, global beauty & grooming, reporting to Susan E.
Arnold, president, global business units. Steve Bishop, 44,
replaces Mr. Shirley as group president, P&G North
America. Mr. Bishop had been president, North America
New York, NY
Sales: $11.9 billion
Sales: $11.9 billion for oral, personal and home care products. Corporate sales: $13.8 billion. Net income: $1.7 billion.
Key Personnel: Reuben Mark, chairman; Ian M. Cook, president and chief executive officer; Michael Tangney, chief
operating officer, Europe, Greater Asia and Africa; Stephen
C. Patrick, chief financial officer; Fabian Garcia, executive
vice president and president, Colgate-Latin America;
Seamus McBride, executive vice president, president,
North America and worldwide commercial effectiveness;
Franck Moison, president, global business development.
Major Products: Oral care—Colgate, Total, Fresh
Confidence, 2 in 1 and Herbal White toothpastes and
Colgate toothbrushes. Personal care—Speed Stick and
Lady Speed Stick antiperspirants; Irish Spring, Palmolive
Naturals and Protex soaps. Household care—Palmolive,
Ajax, Crystal White Octagon and Dermassage dishwashing
liquid; Palmolive automatic dishwashing liquid and
tablets; Ajax, Fabuloso and Murphy’s Oil Soap household
Make it possible. Make rich, indulgent, creamy emulsions
with Carbopol® Ultrez 20 polymer. See how with “Fresh Start
Moisturizing Facial Mask”, formula O-0030 at www.carbopol.com
Make it possible with Carbopol® Ultrez polymers.