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P&G in China

This article was originally published in The Tan Sheet

Executive Summary

Firm announces $1.8 bil. purchase of remaining 20% stake in China joint venture from partner Hutchison Whampoa China. The deal was announced May 11 and is expected to close June 18. CEO A.G. Lafley said "it is the right time for us to assume full ownership" of the China venture, and that recent positive results demonstrate P&G has the "in-depth understanding of local consumers and retailers in China to continue to build this fast-growing business." China is one area where P&G has sought to localize its supply chain, marketing and management (1"The Tan Sheet" May 3, 2004, p. 6)...

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