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P&G bought Gillette for stock initially valued at $54 billion in 2005. Photo: ANDREW KELLY/REUTERSProcter & Gamble said it was booking a $1.3 billion charge on its Gillette business, adjusting the value of a shaving giant that it took over nearly two decades ago. P&G bought Gillette for stock initially valued at $54 billion in 2005, making it a dominant player in the global razor business. The unit has struggled in recent years as upstarts, such as Dollar Shave Club and Harry’s, have entered the market with lower prices. As of June 2023, P&G estimated its grooming business was worth about $14.1 billion.
Persons: ANDREW KELLY, Gamble Organizations: G, Gillette, Procter, Harry’s, & $
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Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/asia/hong-kongs-top-court-orders-city-to-recognize-same-sex-partnerships-48e24c7a
Persons: Dow Jones Locations: asia
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/china/in-new-moon-race-russian-crash-shows-the-only-u-s-rival-is-china-422b3db2
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/china/in-new-moon-race-russian-crash-shows-the-only-u-s-rival-is-china-422b3db2
Persons: Dow Jones
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