Reported 1 day ago
Major US consumer goods companies, including Procter & Gamble and Kimberly-Clark, are downsizing and restructuring to focus on core brands. Procter & Gamble plans to cut 7,000 jobs and exit certain product categories, while Kimberly-Clark is selling a majority stake in its tissue business. General Mills and J.M. Smucker Co. have also offloaded parts of their business, prioritizing portfolio quality over size. Analysts suggest that shedding misaligned businesses could lead to higher growth in earnings.
Source: YAHOO