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...Recently published earnings reports showed profit margins expanded last quarter at companies including Kimberly-Clark, home to brands such as Kleenex and Huggies, cleaning product maker Clorox, and Procter...
...“The consumer remains resilient,” said Michael Hsu, chair and chief executive of Kimberly-Clark, maker of Andrex toilet roll and Kleenex tissue....
...Even so, the forecast ad expenditure at both Kimberly-Clark and Clorox is expected to remain above pre-pandemic levels....
...Concern about the spread of coronavirus has also made consumers more hygiene-conscious, suggesting lasting benefits for companies in the sector including Reckitt Benckiser of the UK and Kleenex maker Kimberly-Clark...
...Before that, the chemistry graduate worked for the consumer products group Kimberly-Clark for 22 years, starting as a scientist....
...It noted that Kimberly-Clark had committed to halve its sourcing from natural forests and that Unilever had committed to “zero-net deforestation” in its supply chains....
...Housebound consumers were also using more of Kimberly-Clark’s products....
...Among the many companies ramping up ad spend are Kimberly-Clark, maker of Kleenex tissues and Huggies nappies, and Colgate-Palmolive, the toothpaste and soap group....
...Also on Thursday, the company’s smaller rival Kimberly-Clark, which makes Kleenex tissues and Huggies nappies, reported a 3 per cent rise in like-for-like sales in the quarter....
...The figures stood in contrast to disappointing results from P&G’s smaller rival Kimberly-Clark, whose net sales ticked up 1 per cent....
...Kimberly-Clark, maker of Huggies nappies and Kleenex tissues, last week raised its full-year outlook for sales and profits....
...Kimberly-Clark’s new chief executive Mike Hsu said on Wednesday that the market remained “challenging”....
...Kimberly-Clark’s new chief executive has moved to assert his authority on the US company, laying down new financial targets and a “strategic plan” to help combat anaemic sales of its household staples....
...The trend helped P&G’s rival Kimberly-Clark post stronger than expected earnings this week....
...He added: “Mike is the right leader to build on Kimberly-Clark’s proud history.”...
...Mike Hsu, newly installed chief executive of Kimberly-Clark, told investors last week that the company was planning “more meaningful” innovation....
...Kimberly-Clark, the company behind Kleenex and Huggies, last week lowered its forecasts for annual profits....
...Additional reporting by Patti Waldmeir, Alistair Gray, Robin Wigglesworth and Nicole Bullock...
...“He was a brilliant big picture guy,” says Jonathan Gray, Blackstone’s head of real estate. “If you look at where growth is now in hotels, it’s two areas: select service and international expansion.”...
...They are happy to echo the cry of Brown’s contemporary Thomas Gray that “It is not 40 years since the art was born among us; and it is sure that there was nothing in Europe like it”, and that of his friend...
...However, there is likely to be strong interest in BSN from strategic buyers, such as 3M and Kimberly Clarke, and private equity groups, such as Apax Partners and Bain Capital....
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