Procter & Gamble recently sold its Pringles brand and may be looking to sell off other brands in its portfolio, including its Iams and Eukanuba brand petfoods, according to an article from nasdaq.com.
The Nasdaq article says that P&G's Iams and Eukanuba brands together contribute US$1.6 billion to P&G's total sales, which exceed US$80 billion, and may be one reason the company would sell its petfood brands. Branded petfoods also face stiff competition from private labels and regional brands, according to the article, which may be another reason for the company to consider selling these brands. With the divestiture of Pringles, P&G's dependence on agricultural inputs has also declined. The petfood segment is now the only product segment within P&G's portfolio that sources raw materials directly from agriculture, so the company does not benefit from economies of scale by sourcing higher volumes with other food brands.
Learn about more companies and how they are lending a helping paw and claw to their own cause campaigns
The company builds on its boutique business with three new lines for pet stores, including baked dog food and treats
Why these companies lead the global petfood industry in
sales, growth and innovation
Public meetings invited comments and provided updates
It gives more direct control to CVM in establishing and maintaining ingredient definitions
The mid-year meeting addressed several regulatory matters affecting petfoods
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.