The consumer goods giant said the moves would make for a “simpler, more focused company” as consumers trade down to cheaper brands amid high inflation.
Category: Mergers, Acquisitions and Divestitures
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James D. Robinson III, Former Chief of American Express, Dies at 88
He led the company from 1977 to 1993 and helped transform Wall Street into a more competitive financial marketplace.
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Americans Invested Billions in Chinese Companies. Now Their Money Is Stuck.
TikTok’s turn in geopolitical cross hairs highlights the narrowing paths to liquidity for investments in Chinese companies.
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Young Entrepreneurs Find a Way to Indulge Their C.E.O. Dreams
Fresh business school graduates are raising “search funds” from willing investors to buy companies they can lead.
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In Silicon Valley, Venture Capital Meets a Generational Shift
Big-name investors such as Reid Hoffman and Michael Moritz are pulling back, creating room for a new generation of tech power brokers.
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Deadspin Sells to European Media Company, Leaving Staff Behind
The new owner, Lineup Publishing, will not be bringing on any of the sports website’s existing staff members.