Wednesday, December 18, 2013

Procter and Gamble Company Description

P&G was founded by a candle maker William Procter and a soap maker James Gamble as a partnership in 1837. It went through a growth surge in its early days, during the American Civil War, during which it secured a contract with the Union Army to supply it with soaps and candles. Over the following decades, the company expanded its operations both within and outside the US and is currently the biggest player in global household and personal products industry with 65% of its revenues being generated outside the US. It operates in five business segments and its Fabric Care and Home Care segment is the largest with a contribution of 32% to the company’s revenues. Read More: PG