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THE WHAT? Procter & Gamble is concentrating on natural progress, and isn’t planning to construct its portfolio through mergers and acquisitions, in line with a report revealed by Bloomberg, quoting the US FMCG big’s CEO, Jon Moeller.
THE DETAILS The one exception to the rule could be offers within the magnificence and private well being realm, Moeller mentioned, per Bloomberg, as a result of P&G holds a much less dominant place in these classes.
THE WHY? On the firm’s investor day final week, per Bloomberg, Moeller revealed that financing prices had grow to be prohibitive and vendor’s expectations unrealistic at current.
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