Kimberly-Clark reorganizes into three business units, incurring $1.5B in restructuring costs over 3 years.

Kimberly-Clark plans to reorganize into three business units, incurring around $1.5 billion in costs over the next three years. The restructuring aims to simplify operations and cut costs as the Kleenex tissue maker faces inflation-stricken customers reducing purchases of pricier products and losing shelf-space to more affordable private-label alternatives. The reorganized segments include business in North America, international personal care, and international family care and professional businesses.

March 27, 2024
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