P&G still has cash. (Nonwovens News).
Following a spurt of acquisitions in the personal care segment,
Procter & Gamble, Cincinnati, OH, has between $8- 10 billion left
for future acquisitions, according to reports. In an interview published
recently in the French newspaper La Tribune, P&G chairman Alan
Lafley said the group has undergone most of the divestments considered
necessary and its external growth strategy will be focused around beauty
and health. This year, the company has purchased the Clairol hair care
line and the Lacoste perfume brand.