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Mr.

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Issue:

Business

 

Written by:

Robert M

 

Date added:

May 1, 2017

 

Level:

University

 

Grade:

A

 

No of pages / words:

23 / 6326

 

Was viewed:

2651 times

 

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By 1859, P&G had become one of the largest companies in Cincinnati, with sales of $1 million. The company introduced Ivory, a floating soap, in 1879 and Crisco, the first all-vegetable shortening, in 1911. In the 1940s and 1950s, P&G embarked on a series of acquisitions. It acquired Spic and Span (1945), Duncan Hines (1956), Chairman Paper Mills (1957), Clorox (1957; sold in 1968) and Folgers Coffee (1963)...
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In 1981, when John G. Smale became the CEO, P&G's financial performance was under pressure. Manpower strength had crossed 100,000 due to P&G's acquisitions. P&G also faced intense competition from companies such as Kimberley-Clark and Colgate. P&G stumbled in many categories, losing market share and profits...
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