Consumer Goods

P&G Seals $3.8 Billion Deal for Supplements Company Thorne [Core Summary] According to the Financial Times, global consumer goods giant Procter & Gamble has sealed a $3.8 billion deal to acquire U.S. premium health supplement brand Thorne. This move marks P&G’s major strategic push into the health and wellness sector, reflecting sustained growth in consumer demand for functional health products in the post-pandemic era. Event Details P&G’s CEO confirmed in a CNBC interview that the company will acquire Thorne in an all-cash transaction, with regulatory approval expected within the coming months. Thorne specializes in science-driven nutritional supplements and holds strong brand influence in professional medical channels and premium retail markets. ...

The UK’s Office for Product Safety and Standards has issued an urgent recall for two Crayola children’s craft kits after sand in the products was found to potentially contain asbestos, the latest in a worrying string of similar recalls this year.