Macroeconomic Challenges
Brands Companies Finance News

P&G To Take $2.5 Bn In Charges For Gillette Impairment

Procter & Gamble on Tuesday revealed its plans to incur charges of up to USD 2.5 billion over two fiscal years, attributing them to the devaluation of its Gillette business and strategic restructuring in specific markets. In early trade, the company’s shares experienced an approximately 2 per cent decline. P&G detailed a non-cash impairment charge […]

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Companies Finance News

Starbucks Faces $11 Bn Loss Amid Sales Slump, Boycotts Over Geopolitical Concerns

Global political tensions are negatively affecting Seattle-based Starbucks Corporation as the company has lost approximately USD 11 billion in value, which accounts for 9.4 per cent of its total value. In just 19 days, since the 16 November Red Cup Day promotion, Starbucks shares have plunged 8.96 per cent, causing a loss of nearly USD […]

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