Tuesday, July 22, 2025

Hipsters And Movember Are Hurting Procter & Gamble’s Profits

Nobody could have anticipated this, but the growing hipster culture and Movember movement has been blamed for a massive decrease in Procter & Gamble’s profits as Gillette razors and Braun electric razors sales plummet. The company’s net income for the quarter dropped to $3.4 billion, down from $4.1 billion in the same period last year.

Gillette Ends Tiger Endorsement Deal

This time last year Tiger Woods was embroiled in that infamous scandal, which had the vultures at the tabloids clicking their poison pens. A year later and the safety razor group known by 99% of the facial hair-growing community as Gillette, is cutting all ties. Hank Moody gets away with the odd dalliance, but the world’s most renowned golfer is still reeling.