Procter & Gamble Stock News

P&G to Suspend Ads, Capital Investments in Russia The Wall Street Journal

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Nestlé the world''s largest packaged food group, said on Wednesday it had suspended all capital investment in Russia following its invasion of Ukraine. The Switzerland-based company''s decision follows similar moves by other food majors, which are under pressure from consumers to take a stand against the conflict. Other Consumer Goods Companies React Procter & Gamble and Unilever noted this week they were ending new capital investment in Russia and no longer advertising in the country. Unilever has suspended all imports and exports of products into and out of the country. PepsiCo Inc, Coca-Cola Co and Starbucks Corp also stopped sales of their best-known products in Russia. Nestlé, which previously highlighted it had stopped all advertising in Russia, told Reuters it would continue supplying essential food products in Russia, taking a similar line to other food majors. Companies Withdraw McDonald’s noted that it would go on paying salaries to its 62,000…

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Procter & Gamble Co and Unilever Plc said this week they are continuing to sell essential products in Russia, but are ending any new capital investments and are no longer advertising in the country.

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Procter & Gamble (PG) is suspending all new capital investments in Russia and “significantly reducing” its portfolio to focus on basic hygiene, health and personal care items, CEO…

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Procter & Gamble (PG) closed the most recent trading day at $152.84, moving -1.48% from the previous trading session.

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