P&G warns of UK double-dip

Procter & Gamble (P&G) is re-evaluating its marketing plans in anticipation of a double-dip recession.

P&G: anticipating a double-dip recession
P&G: anticipating a double-dip recession

Speaking at the IGD retail conference in London this week, Irwin Lee, P&G’s UK and Ireland vice-president and general manager, said there was a growing danger that the UK will ‘talk [itself] into a double-dip recession’.

Lee set out a three-point marketing plan to keep consumers interested in P&G’s brands, which include Gillette and Head & Shoulders: to ‘disrupt categories’ with innovation; to offer products at a range of income brackets; and to move into new product sectors.

He added that consumers were ‘receptive to innovation, even in the darkest of economic times’.

Topics

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Advertising Intelligence Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content