Key Takeaways
- Procter & Gamble Co. (P&G) will take up to $2.5 billion in charges for a restructuring along with an impairment related to its Gillette business.
- The consumer products company said the restructuring would take place primarily in certain of its enterprise markets, including Argentina and Nigeria.
- Procter & Gamble warned that while the Gillette unit’s business is strong, certain conditions could require a further impairment charge in the future.
- P&G shares were down 3.5% from the day earlier in late Tuesday trading.
Procter & Gamble Co. (PG) shares fell 3.5% on Tuesday after the consumer products giant said it would be taking up to $2.5 billion in charges over the next two fiscal years related to a restructuring of …
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