NATION

NATION

P&G weighs sale of brands

CINCINNATI — The Procter & Gamble Co. is reviewing its brand portfolio with an eye toward possible sales of some businesses, its chief executive told shareholders Tuesday.

“We’ll continue to shift P&G’s portfolio toward fast-growing, high-margin businesses,” said A.G. Lafley, chairman and chief executive officer.

However, Lafley wouldn’t say which, if any, of the consumer products company’s brands could wind up on a departure list. Among big-name brands analysts have said might be sold are Folgers coffee, Pringles chips and Duracell batteries.

Company to raise prices

DALLAS — Kimberly-Clark Corp., the maker of Kleenex tissues and Huggies diapers, said Tuesday it would raise prices next year to offset higher costs for raw materials and energy.

The company said that beginning Feb. 3 it will boost prices by 4 percent to 7 percent on Huggies diapers and swim pants, Pull-Ups training pants, Goodnites youth pants, Cottonelle and Scott bathroom tissue, and Scott and Viva paper towels.

Associated Press