procter & gamble co/the (PG) Snapshot

Procter & Gamble Co. has signed a contract to enter into a license agreement with Stella McCartney to manufacture and sell designer fragrance products. Effective September 13, 2013, P&G will begin to develop and market new initiatives under the Stella McCartney brand name.

Procter & Gamble's prestige beauty division has opened a new retail store of its Dolce & Gabbana The Make Up brand at Make Up, at the London Heathrow Terminal 5. P&G is expecting to increase the sales of its beauty division by capturing a larger share of the blossoming travel retail market. The company's beauty division contributes more than 20% of its price estimate. The beauty division has iconic brands such as Dolce & Gabbana, Gucci, Hugo Boss and SK-II. The company opened the Dolce & Gabbana The Make Up collection's travel retail store at London airport in partnership with the World Duty Free Group. P&G is growing interest on the travel retail channel to expand the reach of this brand, as it has been growing in double-digits for the last few years.

Procter & Gamble Company announced it is grouping its Global Business Units into four industry-based sectors as part of the Company's ongoing plan to improve business performance. These changes support the Company's current growth strategies of strengthening developed market businesses, maintaining developing market momentum, building a strong innovation pipeline, and driving productivity improvements. The businesses in each sector are focused on common consumer benefits, share common technologies, and face common competitors. Each sector will be led by a Group President. Martin Riant has been elected Group President of Global Baby, Feminine and Family Care. Mr. Riant will lead the Sector in addition to his current responsibilities as Group President -- Global Baby Care. Deborah A. Henretta has been elected Group President of Global Beauty. Ms. Henretta will lead the Sector in addition to her current responsibilities as Group President -- Global Beauty Care. David S. Taylor, currently Group President -- Global Home Care, has been elected Group President of Global Health and Grooming. In addition to leading the Sector, Mr. Taylor will assume additional responsibility for the Pet Care business, succeeding Jorge S. Mesquita who is leaving the Company to pursue outside interests. Charles E. Pierce, currently Group President -- Global Oral Care, will also assume the additional responsibilities for New Business Creation and Innovation currently held by Mr. Mesquita. Mr. Pierce will report to Mr. Taylor for Oral Care and to Mr. Lafley for New Business Creation and Innovation. Giovanni Ciserani has been elected Group President of Global Fabric and Home Care. Mr. Ciserani will lead the Sector in addition to his current responsibilities as Group President -- Global Fabric Care. In connection with this, George Tsourapas, currently Vice President--Fabric and Home Care, Central and Eastern Europe, Middle East and Africa, has been elected President-Global Home Care and P&G Professional, succeeding David Taylor. Mr. Tsourapas will report to Mr. Ciserani. With their expanded roles, Mr. Ciserani, Ms. Henretta, Mr. Riant and Mr. Taylor will report directly to Mr. Lafley. Presidents for each of the global business units included in each sector will now report to the respective Sector Group President. These changes are effective July 1, 2013. Concurrent with these changes, the company is also announcing that Dimitri Panayotopoulos, currently Vice Chairman, Global Business Units, has been elected Vice Chairman and Advisor to the Chairman and Chief Executive Officer effective July 1, 2013. Mr. Panayotopoulos will continue to report to Mr. Lafley. Also effective July 1, 2013, Melanie L. Healey, Group President - North America and Global Hyper, Super and Mass Channel, will report to Mr. Lafley in addition to Werner Geissler, Vice Chairman, Global Operations. This change reflects the size and impact of the North America market to P&G's business. Mr. Geissler will continue reporting to Mr. Lafley as Vice Chairman, Global Operations, with particular focus on Western Europe and developing markets.