Personal care and cosmetics giant Procter & Gamble (P&G) has announced that it will be undergoing a portfolio restructuring of its business operations amid ongoing “challenging macroeconomic and fiscal conditions”.
The move will primarily be focused on the group’s businesses in certain Enterprise Markets, including Argentina and Nigeria, where it expects charges of between one billion and 1.5 billion dollars after tax, anticipated to be recognised in the fiscal years ending June 30, 2024, and 2025.
Alongside the restructuring, P&G aims to adapt to the changing landscape by implementing strategic initiatives to streamline operations, optimize costs, and enhance profitability.
