Reuters. A plant wall with Procter & Gamble’s logo is pictured at the entrance to the company’s highly automated cleaning products factory in Tabler Station, West Virginia, U.S., May 28, 2021. REUTERS/Timothy Aeppel/File Photo(Reuters) -Procter & Gamble said on Tuesday it would record up to $2.5 billion in charges over two fiscal years as it writes down the value of its Gillette business and restructures certain markets.
The company’s shares fell about 2% in early trade.
The consumer goods giant said it would take a $1.3 billion non-cash impairment charge before tax in the current quarter ending Dec. 31 on its Gillette business.
P&G, which bought Gillette for $57 billion in 2005, gets about 8% of its total sales from the grooming …
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