P&G To Move Beauty HQ to Singapore

Procter & Gamble will move its Skin Care, Cosmetics and Personal Care headquarters from Cincinnati, Ohio to Singapore over the next year, according to reports. Citing Asia as the biggest area of growth for beauty over the next five years, the company said it is taking these businesses to the center of “the greatest growth opportunity for these categories over the next 5 years and beyond.” The relocation is expected to affect no more than 20 positions, said reports.

In other news, its group president, skin care, cosmetics and personal care Gina Drosos will retire from the company after 25 years. She will be succeeded by Deb Henretta, group president, P&G Asia and Specialty Channel.