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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

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Published Thu, Sep 7, 2017 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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