Marketplace®

Daily business news and economic stories

P&G sells a Sure thing

Procter & Gamble has sold Sure brand deodorant to a private equity firm. It's part of a trend to shed brands with little growth potential, Stacey Vanek-Smith reports.

TEXT OF STORY

MARK AUSTIN THOMAS: They say nothing is sure in this life. Proof of that takes place this week. After 33 years Proctor & Gamble is selling off its Sure deodorant line. Stacey Vanek-Smith has that story.


STACEY VANEK-SMITH: Companies pour billions of dollars into slogans and jingles every year-all to get you to recognize their brand so you’d think they’d want to hang on to established products.

But Proctor & Gamble is shedding them. A few months ago, it sold Pert Plus.

Product Development expert Louis Foreman says a lot of companies are selling off products with established names but little potential for big growth.

LOUIS FOREMAN: Rather than trying to spread your available resources on a lot of different brands, focus on the ones that have the greatest potential to be breakout products.

Private equity group Najafi Companies financed the purchase of Sure and Pert Plus. They think with a little TLC, those old brands will still bring home the bacon.

FOREMAN: They’re hoping that by focusing all of their attention, they can actually achieve better results than when that product was just one of many brands in a large portfolio.

And with a solid customer base and strong sales, Sure is probably a sure thing.

I’m Stacey Vanek-Smith for Marketplace.

Latest Episodes

View All Shows
  • Marketplace
    10 hours ago
    25:51
  • Make Me Smart
    16 hours ago
    21:10
  • Marketplace Morning Report
    18 hours ago
    6:50
  • Marketplace Tech
    a day ago
    8:28
  • This Is Uncomfortable
    4 days ago
    4:41
  • Million Bazillion
    a month ago
    32:45