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Economy
P&G posts strong sales, takes $8 billion Gillette writedown
2019-08-01
[TWITTER] I blame all that toxic masculinity. Don't worry. When men start shaving their legs sales will bounce right back.
If only that was what happened. But actually it’s because more than half of Gillette sales are outside the U.S., and the strengthening dollar impacted numbers, allowing P&G to take a nice — and legal— goodwill tax write off, which sheltered nearly all the profits for this quarter.

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