Food Industry
Industry: Email Alert RSS FeedUnilever and P&G announce agreement - Brief Article
Eurofood, Sept 27, 2001
Global consumer goods giants Unilever and Proctor & Gamble (P&G) have reached an agreement regarding P&G's competitive intelligence operation against Unilever in the US.
P&G attempted to spy on Unilever's haircare activities in the US. Unilever United States president and chief executive officer Charles B. Strauss said, "We have a settlement that ensures that our confidential information is protected. With this agreement, we are confident that Proctor & Gamble's conduct will not impede the continued growth of our brands here. This agreement draws to a close what has been an unfortunate incident."
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Details of the agreement between the two giants were not disclosed.
COPYRIGHT 2001 Agra Europe Ltd.
COPYRIGHT 2001 Gale Group
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