P&G Learns That Beauty Is Ugly

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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