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Church & Dwight is selling its VitaFusion and L’il Critters vitamin brands to Piping Rock Health Products, Inc. The company will incur a one-time charge of up to $45 million, a move aimed at streamlining its portfolio and shedding an underperforming segment.
Recent warnings from Procter & Gamble's (PG) CFO about a "nervous" and slowing U.S. consumer have validated bearish calls on weaker consumer staples stocks. This pressure comes despite aggressive corporate strategies involving price hikes and significant restructuring.