Welcome to our dedicated page for Procter & Gamble Company news (Ticker: PG), a resource for investors and traders seeking the latest updates and insights on Procter & Gamble Company stock.
Procter & Gamble Company (NYSE: PG), headquartered in Cincinnati, Ohio, has established itself as a global leader in the consumer goods industry since its inception in 1837 by William Procter and James Gamble. The company stands as one of the world's largest producers of household and personal care products, generating over $80 billion in annual sales.
Procter & Gamble's diverse portfolio features some of the most trusted brands across various categories. The company's impressive lineup includes more than 20 brands that each generate over $1 billion annually in global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G’s strategic decision to focus on core consumer product lines led to selling its last food brand, Pringles, to Kellogg in 2012.
With a significant international presence, around 53% of Procter & Gamble's sales come from outside the United States. The company continues to invest in innovation and sustainability, ensuring its products meet the evolving needs of consumers. Recent achievements include advancements in product formulas, packaging innovations aimed at reducing environmental impact, and strategic partnerships enhancing their market reach.
Financially, Procter & Gamble remains robust, consistently delivering value to shareholders through dividends and share repurchases. The company's commitment to operational excellence and cost efficiency supports its strong financial performance and competitive edge in the market.
Pampers acknowledges the challenges faced by parents during the pandemic, with 93% of mothers feeling burned out and 73% feeling inadequate, according to a Motherly survey. In response, Pampers has launched the #MillionActsOfLove movement, in collaboration with Shay Mitchell, to inspire parents through acts of kindness. The initiative will feature activations on social media and a film inspired by 'The Velveteen Rabbit.' Pampers aims to support parents and celebrate their love for their children, reinforcing its commitment to providing quality care for babies.
Secret Deodorant and Sportsnet have partnered to provide exclusive coverage of the Canadian leg of the Secret Dream Gap Tour, running from May 24-30 in Calgary. This initiative aims to promote women's hockey, showcasing athletes from the PWHPA in live games and cross-platform content. The Calgary Flames support the event with financial assistance and resources. Sportsnet will air three matches on May 28-30, while prior games are accessible via SN NOW. The tour is part of Secret's $1 million commitment to the PWHPA, highlighting equal opportunities for female athletes.
Procter & Gamble (NYSE:PG) has launched iLab 2021, a virtual innovation festival aimed at fostering collaboration with start-ups to tackle challenges in advertising, retail, and supply chain. Running from May 4-6, 2021, the festival features 27 selected start-ups out of an initial 100, focused on leveraging technologies such as AI and social commerce. This initiative reflects P&G's commitment to innovation in the Asia Pacific, Middle East, and Africa regions, supported by the Singapore Economic Development Board.
Charmin has unveiled its innovative prototype, BRB Bot, designed to keep users connected during video calls, even when they step away. This AI-powered desktop app creates a digital twin, mimicking human reactions to maintain the illusion of presence. Currently in beta, BRB Bot utilizes machine learning and natural language processing to respond seamlessly. Charmin aims to enhance the bathroom experience, aligning with their mission to provide quality products. Although well-received by public figures like Niecy Nash and Juju Smith Schuster, there are no immediate plans for a general release.
Procter & Gamble (PG) haircare brands Royal Oils and Gold Series have awarded the inaugural Rooted in Science Scholarships to 11 Black women pursuing STEM degrees at HBCUs. Each recipient will receive up to $5,000 annually for two years, facilitated by UNCF. The scholarship aims to support future Black female innovators in the STEM fields. P&G plans to allocate an additional $200,000 for scholarships in the upcoming summer, with applications opening from August 3 to September 28, 2021.
Old Spice has launched a new initiative to boost high school graduation rates by 10 percent by 2030, targeting underserved communities through mentorship programs. Partnering with the NFL and Big Brothers Big Sisters of America, Old Spice aims to spotlight mentorship's critical role in youth success, focusing on the upcoming NFL Draft. Statistics reveal that one in three youths lack mentorship, with 16 million at risk of growing up without it. Old Spice encourages potential mentors to volunteer, emphasizing its goal of empowering youth through formal mentor-mentee relationships.
P&G Ventures, the startup studio of Procter & Gamble (NYSE: PG), is now accepting submissions for its Virtual Innovation Challenge, inviting entrepreneurs and startups to present their innovative consumer goods ideas. The competition culminates in a virtual pitch event on July 14, where finalists will compete for a $10,000 prize and a partnership opportunity with P&G Ventures. The challenge aims to discover fast-moving, consumable technologies that address significant consumer problems, with submissions open until May 13.
P&G Ventures, part of Procter & Gamble (NYSE:PG), is collaborating with Disruption Now Media and Revitalize Venture Studio to host two events aimed at supporting entrepreneurs of color this May. These events address the funding challenges faced by minority entrepreneurs, highlighted by a Crunchbase report indicating only 2.4% of venture funding from 2015-2020 went to Black and Latinx founders. The first event, 'Break Down - Breakthrough,' will offer resources and mentorship on May 7. Additionally, 'Pitch BLCK' invites Black entrepreneurs to pitch innovative product ideas for a chance to win $30,000 in investment.
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