THE WHAT? Procter & Gamble is concentrating on natural progress, and isn’t planning to construct its portfolio by way of mergers and acquisitions, in keeping with a report printed by Bloomberg, quoting the US FMCG big’s CEO, Jon Moeller.
THE DETAILS The one exception to the rule can 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 change into prohibitive and vendor’s expectations unrealistic at current.