A.G. Lafley asked himself that question last year, on stage at the Consumer Analyst Group of New York’s annual conference. So yeah, perhaps it’s not that big a surprise that Lafley is now seriously thinking about spinning off or selling a big chunk of P&G’s beauty division, as Bloomberg News reported this morning. On the other hand, beauty — which at P&G means brands such as CoverGirl, Olay and …
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