https://www.news.com.au/finance/bus...h/news-story/8ae70a5abc31280fc23711dcf7c30e5e
Gillette backtracks on its toxic masculinity advert campaign as it posts a $5.24B loss as compared to a $1.89B profit a year ago.
At the time, Gillette CEO Gary Coombe said the loss was a “price worth paying” and that he didn’t mind alienating some customers.
Clearly he's had a change of heart. Rival Schick has pointedly mocked Gillette with a series of lighthearted ads taglined “The Man I Am”. While Gillette blames currency depreciation for the losses - analysts are quite skeptical that currency slippage would account for such a disparity.
Gillette backtracks on its toxic masculinity advert campaign as it posts a $5.24B loss as compared to a $1.89B profit a year ago.
At the time, Gillette CEO Gary Coombe said the loss was a “price worth paying” and that he didn’t mind alienating some customers.
Clearly he's had a change of heart. Rival Schick has pointedly mocked Gillette with a series of lighthearted ads taglined “The Man I Am”. While Gillette blames currency depreciation for the losses - analysts are quite skeptical that currency slippage would account for such a disparity.