P&G may shed some weight

Procter & Gamble chairman and CEO A.G. Lafley told shareholders yesterday that the consumer products giant would be reviewing its brand portfolio with the possibility...

Procter & Gamble chairman and CEO A.G. Lafley told shareholders yesterday that the consumer products giant would be reviewing its brand portfolio with the possibility of selling some of its businesses, the AP reports. "We'll continue to shift P&G's portfolio toward fast-growing, high-margin businesses," Lafley said during the company's annual shareholders meeting.

Lafley wouldn't comment on which, if any, of the company's brands could end up on a departure list. "This is ongoing," he said of the review. He also said that any decision would be shared with P&G employees before becoming public.

Analysts have speculated that Folgers coffee, Pringles chips and Duracell batteries are among the big-name brands that might be sold. Lafley called the reports speculative. "We cannot and do not comment on speculation," Lafley said during questioning by shareholders.

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