February 15, 2012 |
Procter & Gamble Co. has nixed its deal to sell its Pringles potato chips business to struggling Diamond Foods Inc., agreeing instead to a $2.7-billion all-cash offer from Kellogg Co. The transaction, which is expected to close this summer, will allow P&G to exit the snack-food business and gives cereal maker Kellogg a popular addition to its line of snacks. Pringles — stacked, crispy chips served out of distinctive long canisters — racked up $1.5 billion in sales last year and are sold in more than 140 countries.
December 28, 2011 |
The San Gabriel Valley entrepreneurs who brought Panda Express Chinese food to malls and airports throughout the country are now betting that Americans will want the same standardization in something a little less tasty — dry cleaning. Co-Chief Executives Andrew and Peggy Cherng, who built a fast-food empire of quick-serve Asian cooking, now want to bring the same chain-venue principle to clothes. The Cherngs' new Rosemead-based company, Panda Dry Cleaning, plans to open as many as 200 standardized shops nationwide in the next five years in conjunction with consumer goods giant Procter & Gamble.
November 23, 2011
Chef's kitchen: A Nov. 19 Home section article about the kitchen of Carla Corona and Patrick Costa said that Corona worked at M Street Café. The restaurant is M Street Kitchen. John Smale: In the Nov. 22 LATExtra section, the headline on the obituary on executive John Smale, who worked as an executive with Procter & Gamble and General Motors, misspelled the name of the consumer products giant as Proctor & Gamble.
CALIFORNIA | LOCAL
November 22, 2011 |
John G. Smale, a self-effacing but tenacious executive whose brand-management savvy led him to the top of consumer-products giant Procter & Gamble before becoming chairman of General Motors and spearheading efforts to halt its slide toward bankruptcy, died Saturday at his home in Cincinnati. He was 84. The cause was complications from pulmonary fibrosis, a lung disease, said Paul Fox, a Procter & Gamble spokesman. Smale served as P&G's chief executive officer from 1981 to 1990 in a career that spanned 43 years at the Cincinnati-based company.
November 14, 2011 |
Some smells are strong enough to break through even the stuffiest noses. You can have the cold of the century, but you'll still be able to sense a splash of Pine-Sol or a ball of wasabi. And no matter how clogged up you are, you can pick up the unmistakable scent of menthol. It feels soothing and oddly cool, almost like a nasal injection of Freon. Now that the cold and flu season has arrived, the smell of menthol is wafting through many homes. In a ritual that goes back more than a century, stuffed-up kids and adults are going to sleep with gobs of menthol ointments smeared over their chests.
July 2, 2009 |
Procter & Gamble Co. is trying out a cheaper version of Tide laundry detergent in a bid to churn up new sales. Tide Basic is hitting shelves in some 100 stores in the South and Southwest, Cincinnati- based P&G said Wednesday. Spokesman Kash Shaikh said it sells for about 20% less than the regular Tide powder. The Tide brand has more than $3 billion in annual sales, but it and other P&G products have lost sales as households tighten spending.