Billionaire Activist Blasts P&G; For Letting Online Shave Golf Equipment Obliterate Gillette

Meanwhile, upscale Harry’s shaving club now has 12 percent of the online shaving market in the U.S.
Billionaire investor Nelson Peltz blamed Procter & Gamble for allowing online shave club rivals to gobble up Gillette’s razor market share.
It originally launched its own online shaving club in June 2015.
It didn’t happen because you replaced Gillette people with P&G people.
Procter & Gamble, whose share price was flat Monday following the filing, has a market value of $222.8 billion, according to FactSet.

Read more on: http://www.cnbc.com