By  on October 25, 2012

For all its glamour and promise, the beauty business is a thorn in Bob McDonald’s side.

Procter & Gamble Co. reported on Thursday that the segment’s net sales declined 7 percent in the first quarter. Beauty’s organic sales dipped 2 percent, while organic sales of the company’s remaining four business units grew in the range of 2 or 3 percent.

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