THE WHAT? Procter & Gamble’s shares dropped 2 percent in early trading earlier this week after the US FMCG giant announced a US$2.5 billion write down over two years for its Gillette brand. A US$1.3 billion non-cash impairment charge before tax would be recorded in the current quarter, ending December 31, 2023.
THE DETAILS According to a report published by Reuters, the company expects the restructuring of its Argentina and Nigeria units to bring charges of between US$1 billion and US$1.5 billion.
THE WHY? The manufacturer of Olay attributed the charges on the strength of the dollar, per Reuters quoting CFO Andre Schulten’s speech at a Morgan Stanley conference. P&G recorded a US$8 billion charge on Gillette in 2019, also put down to currency fluctuations.
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
