- 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
From other sites
Video at CNBC.com (Jun 2, 2015)
Video at CNBC.com (May 22, 2015)
Video at CNBC.com (May 19, 2015)
Video at CNBC.com (May 13, 2015)
at CNBC.com (Mar 28, 2015)
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