Amanda Gomez joined Reuters Breakingviews in January 2018. She previously held internships at CNN International and Argentina's Clarín newspaper. She has also worked as a business journalist at TheStreet.com covering the stock market and written about the food industry at trade publication The Food Institute. She completed her master’s degree at Columbia Journalism School in 2017 and has a bachelor’s in journalism and media studies from Rutgers University.
The consumer giant’s razor business, which it bought for $57 bln back in 2005, has been blunted by cheaper competition. Sales, profit and market share are shrinking. A new owner might be able to lavish more attention on Gillette, and leave P&G to focus on areas like healthcare.
Miguel Patricio is not an entirely fresh ingredient for the food company – he ran marketing at AB InBev, created by Kraft’s second-largest shareholder. Both companies have underperformed in recent years. That said, his focus on marketing may break the company’s holding pattern.
A trio of pushy investors wants to strip Bed Bath & Beyond of its CEO and board, and replace them with a fresh sheet of directors. The $2.4 bln chain is beset by poor governance, lackluster results and a plunging stock price. It’s long past due a thorough shake-out.