Earlier this week Procter & Gamble announced it would be overhauling its corporate structure by dividing it into three new global units while breaking up its Gillette business. The restructuring will take effect on July 1, 2007.
As a result of the restructuring, Gillette will no longer be operating as its own global business unit. Its Duracell battery division will now be a part of the global household care unit, while the shaving division will come under beauty care.
