03.02.16
Procter & Gamble continues to slim down its portfolio. Today the CPG giant announced that it will sell Hipoglós diaper rash cream brand in Brazil to Johnson & Johnson Consumer Inc.
The transaction, for an undisclosed amount, is expected to close in the next four to six months, subject to necessary regulatory approvals.
The Hipoglós brand has been present for more than 70 years in Brazil.
In Februray, P&G announced the sale of the Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark.
The transaction, for an undisclosed amount, is expected to close in the next four to six months, subject to necessary regulatory approvals.
The Hipoglós brand has been present for more than 70 years in Brazil.
In Februray, P&G announced the sale of the Escudo soap brand in Mexico and other Latin American countries to Kimberly-Clark.