By  on February 1, 2008

The Procter & Gamble Co. gracefully sidestepped consumers' proverbial belt tightening in the second quarter, posting a group profit gain of 14 percent.

During a conference call Thursday, the consumer products giant also said it plans to exit its $1.6 billion coffee business and establish a separate company called The Folgers Coffee Co. The new company will have its headquarters in Cincinnati, as does P&G, and will employ about 1,250 people at four sites in the U.S. P&G expects to determine the deal structure this spring and complete the transaction in the July to December period.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus