Procter & Gamble is holding talks with Trian Fund Management, which has a $3.5 billion stake in the company, about the future of its brands, the P&G CEO David Taylor confirmed to CNBC. Taylor called the talks “constructive” and noted, "We are willing to engage. We want to be better.” Trian has been increasing its stake in P&G and the company looks to cut costs by some $10 billion, the report said. (CNBC)
According to Packaged Facts, a large percentage of pet product sales growth is online. Not only are higher numbers of consumers buying pet goods online, but they are spending more of their pet product dollars online.
Hamacher Resource Group’s New Item Review team, in its ongoing evaluation of new products, evaluated a whopping 2,685 health, beauty and wellness items in 2016. The top 40 are listed in this special report.
Colgate-Palmolive CEO Ian Cook would be open to a $100-per-share selling price for the company, according to a New York Post source. Cook reportedly floated the price at a recent investors meeting, which took place as such companies as Unilever, Johnson & Johnson, Warren Buffett’s 3G Capital and Procter & Gamble are floated as potential suitors for an acquisition. (New York Post)
Offering will allow customers to fill a large box of a specific size with as many items as can fit in it, choosing from more than 8,000 household essentials, beauty and personal care items and dry grocery products.