Gillette India to remain separate entity
MUMBAI: Gillette India said its board of directors will continue as a separate legal entity. However, it would, as part of The Procter & Gamble Company, USA, leverage synergies arising from its global acquisition to further accelerate its current high growth track record and to enhance reach of its brands.
The areas of synergy would cover access to a more efficient distribution set up, bigger scale to improve efficiencies and effectiveness with suppliers and media, use of best in class practices/processes, relocating to world class office facilities in Mumbai, operating under proven structure that encourages innovation and therefore building shareholder value.
As a result of the new structure, it would relocate some employees across functions to Singapore, P&G’s regional head quarters. The adoption of the above structure would enable it to focus on big brands and customers, innovate and move to market faster, it added.
SOURCE:THE TIMES OF INDIA
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