- Shares of Procter & Gamble (PG -1.4%) trail market averages without any specific news out on the company.
- Investors could be a tad skittish after L'Oreal (LRLCF) announced earlier today that it decided to exit China with one its major business lines. That development, coupled with Revlon's (REV +0.4%) mass withdrawal from China last week on the same fears of heightened local competition, raises the question of how P&G will fare in China.
- The company disclosed last year that it was losing market share in the skincare business.
- A trip into China hasn't been the best of times for all consumer products sellers that have entered the giant market. Just ask Avon Products (AVP -0.2%).
Questions for consumer packaged goods giants in China
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