Procter & Gamble Cuts Operations in Another Country, Report Says
P&G ends direct operations in Pakistan to focus on third-party distributors, with Gillette Pakistan considering stock exchange delisting amid global restructuring.
10 Articles
10 Articles
P&G says it is winding down operations in Pakistan, will rely on ‘third-party distributors’
American multinational corporation Procter & Gamble said on Thursday that the company would wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers in the country as part of the consumer product group’s global restructuring programme. “We will continue to operate the business in the ordinary course until the process is complete, which may take several months,” said a s…
Procter & Gamble will shut down business in Pakistan, following Shell and Pfizer exits
Procter & Gamble is discontinuing its business operations in Pakistan, including manufacturing and Gillette Pakistan, opting for a third-party distribution model. This decision follows a global restructuring and makes P&G the latest multinational to exit the country, citing economic challenges like profit-repatriation curbs and weak demand, mirroring exits by Shell and Pfizer.
Procter & Gamble to exit Pakistan as part of global restructuring
In a major corporate development, Gillette Pakistan Limited announced that its parent company, Procter & Gamble (P&G), will discontinue its business operations in Pakistan as part of a global restructuring plan. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. “The Gillette Company LLC has conveyed to Gillette Pakistan Limited, including its Board of Directors, the decision of the Proct…
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium