Personal care giant Colgate-Palmolive is generally associated with toothpaste and soap, but in fact its broad portfolio also includes petfood, deodorants, fabric softeners, household cleaners and detergents. Brands include Ajax, Speed Stick, Mennen and Hill's Science Diet, alongside the two products that make up the company's name. Colgate is the world's #1 toothpaste and toothbrush brand; Palmolive soap is the third largest soap brand, now covering a growing range of haircare products as well as soaps. Colgate-Palmolive is also truly international, deriving around 80% of its sales outside the US. Its biggest region, in fact, is not its domestic market but Latin America. See also Colgate oral care profile.
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Adbrands Weekly Update 23rd May 2017: According to the industry rumour machine, Colgate-Palmolive is the latest corporate target in the cross-hairs of predatory investment group 3G Capital, owners of Kraft Heinz, Burger King and Tim Hortons and other brands. Best-known for its market-leading oral care business, Colgate also has a solid position in personal cleaning (Palmolive) and in pet foods (Hill's Science Diet), and retains a small collection of household care brands, mostly in international markets. 3G is far from the only potential bidder: P&G, Unilever and Johnson & Johnson would be unlikely to let the business go without an offer of their own. Colgate-Palmolive CEO Ian Cook has reportedly signalled he would be open to a deal at $100 per share, or a total valuation of $89bn. Before the rumours emerged, Colgate was trading at under $72, or a total value of around $64bn.
Adbrands Weekly Update 31st Mar 2016: Revlon has raided Colgate-Palmolive for its new CEO, recruiting Fabian Garcia, formerly COO, global innovation & growth at the personal care giant, and also board member for Europe and for Hill's Pet Nutrition. Garcia takes over from Lorenzo Delpani, who announced plans to step down last month. Garcia's appointment suggests that a sale of Revlon - as previously rumoured - may not be imminent. It also prompted a reshuffle in the top ranks at Colgate-Palmolive, with Latin America chief Noel Wallace taking over the innovation & growth brief. Meanwhile Justin Skala added responsibility for Europe to his current duties as COO for North America. Franck Moison takes over management of Latin America, in addition to his current duties.
Adbrands Weekly Update 4th Feb 2016: Colgate-Palmolive was the latest US packaged goods giant to reflect the cold winds of currency fluctuation and the economic meltdown in Venezuela. A near-12% negative impact from the strengthening dollar caused full year revenues to slip 7% to $16.0bn (from almost $17.3bn the year before). At constant rates the increase would have been 5%. A $1.1bn charge against Venezuela caused net income to plunge by more than a third to $1.4bn. Without that item, profits would have risen 9%.
Subscribers may access the following website links:
|Hill's Science Diet||Arosana|
|Murphy Oil Soap||Darlie|
|Palmolive soaps (Germany)||Sorriso|
|Softsoap||Lady Speed Stick|
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