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Dirty truths emerge over how P&G works

Major owner wants consumer products giant to pursue new brands and restructure, but company scoffs at plan

Published Thu, Sep 7, 2017 · 09:50 PM
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New York

THE world's biggest consumer products maker is being pressured by one of its largest shareholders to set aside "suffocating bureaucracy" and pursue new brands and online sales.

Procter & Gamble Co (P&G) needs to reorganise its business units, invest in smaller, high-growth brands and prioritise its digital strategy, billionaire Nelson Peltz said in a 93-page plan for modernising the company.

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