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| Picture Credit score: Gillette India Fb deal with
The upheaval in neighbouring Bangladesh has began impacting bilateral commerce.
Procter & Gamble Bangladesh Personal Ltd, a distributor of Gillette India Ltd has terminated its distribution with the Indian firm efficient December 31, 2024, Gillette India stated in a submitting with exchanges.
“The corporate has acquired a letter from its distributor Procter & Gamble Bangladesh Personal Ltd modifying termination of distribution settlement with the corporate which shall be efficient December 31, 2024,” the corporate stated.
“As a consequence of the termination, the corporate will have an effect of proportionate drop in internet gross sales underneath this settlement,” Gillette India stated.
For the monetary yr 2023-24 the web gross sales underneath the Bangladesh distributor settlement accounted for two% of the corporate’s internet gross sales.
“There isn’t a materials influence on the corporate’s revenue because of this termination,” Gillette India added.
Printed – September 26, 2024 10:03 am IST
