The Procter & Gamble Co. is focusing on strengthening its existing beauty portfolio, rather than acquisitions, as it looks to accelerate its business in the category.
Beauty was the weakest top-line performer of the Cincinnati-based consumer products giant’s five business segments in the second quarter ended Dec. 31, as category sales declined 2.2 percent, to $5.28 billion from $5.4 billion, and were flat after adjustment for currency fluctuation. Net earnings for the segment rose 5.7 percent to $927 million from $877 million a year ago. Gains “from market growth and innovation” helped Prestige, Hair Care, Deodorants and Personal Cleanings products while Skin Care sales declined.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"