Concept information
Preferred term
Procter & Gamble Inc.
Definition
- Procter & Gamble Inc., a major U.S. multinational consumer goods company well known for the production of cleaning agents as well as food, beverage, and personal care products, was found to be involved in price fixing with its rivals Unilever and Henkel in 2011, whereby the three companies had agreed, nine years earlier, to raise their prices simultaneously. The company was established by William Procter (1801–84), a candle maker from England, and James Gamble (1803–91), a soap maker from Northern Ireland. [Source: Encyclopedia of White-Collar and Corporate Crime; Procter & Gamble Inc.]
Broader concept
URI
https://concepts.sagepub.com/social-science/concept/Procter_&_Gamble_Inc.
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