THE WHAT? Procter & Gamble is concentrating on organic growth, and is not planning to build its portfolio via mergers and acquisitions, according to a report published by Bloomberg, quoting the US FMCG giant’s CEO, Jon Moeller.

THE DETAILS The one exception to the rule would be deals in the beauty and personal health realm, Moeller said, per Bloomberg, because P&G holds a less dominant position in these categories.

THE WHY? At the company’s investor day last week, per Bloomberg, Moeller revealed that financing costs had become prohibitive and seller’s expectations unrealistic at present.