This article was originally published in The Rose Sheet
The Gillette Fusion shaving system generated retail sales of more than $220 mil. within the first seven months of its January launch, Procter & Gamble President and CEO A.G. Lafley states during the firm's annual shareholder meeting Oct. 10. P&G estimated the product would achieve $1 bil. in sales by its third year on shelves (1"The Rose Sheet" Sept. 19, 2005, p. 7). Additionally, the exec updated analysts on the firm's progress in integrating Gillette, which the personal care company acquired for $57 bil. in early 2005 (2"The Rose Sheet" Jan. 31, 2005, p. 3). Nearly 80% of Gillette and P&G commercial operations will be integrated by the end of October, 2006, Lafley notes. "We've managed all these integration details while delivering business and financial commitments on the established businesses," he adds...
You may also be interested in...
Gillette anticipates the Fusion five-blade razor collection will achieve $1 bil. in sales within its third year on shelves, according to Blades & Razors President Peter Hoffman. The firm unveiled the line of manual and powered shavers, slated to launch in the first quarter of 2006, at a Sept. 14 press conference in New York City
Procter & Gamble will acquire Gillette in a stock transaction valued at $57 bil., creating a consumer products powerhouse with combined sales of over $60 bil. and a portfolio that includes 21 billion-dollar brands, the two firms announced at a news conference in New York City Jan. 28
The findings of the Cumberlege Review into how safety issues for three medical product groups were handled will shape debate on the UK’s new devices legislation, now going through parliament. The MHRA’s devices regulatory activity also comes in for scrutiny.