In 2008, Procter & Gamble was ranked #31 by Forbes Global 2000. Procter & Gamble, a producer of consumer goods, operates three business units of beauty and health, Gillette GBU and household care.
According to Forbes Global 2000, Procter & Gamble scored well on market value and profit parameters. This public company is headquartered in Cincinnati, Ohio in United States. Procter & Gamble has a presence in more than 80 countries. It owns several, billion dollar consumer brands.
William Procter and James Gamble were managing two different companies that required similar resources. This led to intense rivalry between them and eventually it was their father-in-law, Alexander Norris, who intervened and asked to them to enter into a business partnership. That is how Procter & Gamble was formed.
Products and services
Procter & Gamble offers several personal beauty, health and wellness, house and home, and baby and family products. Nutrition and pet care is another area in which this firm specializes. Right from cosmetics and deodorants to prescription drugs and dog food, Procter & Gamble has something to offer to everyone. Popular billion dollar brands associated with this firm include Always, Ariel, Crest, Duracell, Gillette, Ivory, Oral-B, Pampers, Pantene, Vicks, and Whisper.
In 2007, Procter & Gamble sales were worth about $85.33 billion. Profits made by this firm were worth nearly $12.344 billion. In 2007, Procter & Gamble owned assets worth about $140,679. Procter & Gamble provides employment to about 138,000 people.