Procter & Gamble has stated it is holding constructive talks with Trian Fund Management, an investor in the company, as it looks to forward strategies for its brands, according to a report by CNBC.
Trian Fund Management purchased a $3.5 billion stake in the multinational personal care company in February this year, with P&G CEO David Taylor suggesting the ‘constructive, active’ talks are ongoing with company accepting advice from the investor about the future improvement of the business.
Taylor said, “We are willing to engage. We want to be better,” while stating that the company is continuing on with its focus on 10 categories including laundry care and shaving. Likewise the focus remains on cutting $10 billion in costs by reducing overheads and looking at product costs.
According to the report, Taylor batted away questions regarding the breaking down of the company into smaller companies, suggesting the size of P&G is what helps it.