YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Procter & Gamble announced a quarterly $8 billion hit to its Gillette business.
Company officials cited a trend of men letting their beards grow out.
“Lower shaving frequency has reduced the size of the developed blades and razors market,” P&G Chief Financial Officer Jon Moeller said.
Company officials also cited increased competition from subscription services, such as Harry’s and Dollar Shave Club.
Read more from Fox News.
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