Unilever sharpens P&G rivalry by buying Dollar Shave Club

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Go back to Unilever sharpens P&G rivalry by buying Dollar Shave Club

P&G (PG) Flounders as Unilever Targets Its Gillette Cash Cow with 'Dollar Shave Club' Takeover

July 20, 2016 12:20 PM EDT

Shares of Procter & Gamble (NYSE: PG), the owner of Gillette, are flat-lining Wednesday (-0.3%) despite a robust broader market as investors digest the implications of Unilever's $1 billion takeover of Dollar Shave Club (DSC).

According to the release, DSC is said to boost 3.2 million members with revenues of $152 million in 2015, which is... More