Gillette India’s Bangladesh distributor terminates agreement
The Hindu
Bilateral trade impacted as Procter & Gamble Bangladesh terminates distribution agreement with Gillette India, effective December 31, 2024.
The upheaval in neighbouring Bangladesh has started impacting bilateral trade.
Procter & Gamble Bangladesh Private Ltd, a distributor of Gillette India Ltd has terminated its distribution with the Indian company effective December 31, 2024, Gillette India said in a filing with exchanges.
“The company has received a letter from its distributor Procter & Gamble Bangladesh Private Ltd modifying termination of distribution agreement with the company which will be effective December 31, 2024,” the company said.
“As a consequence of the termination, the company will have an impact of proportionate drop in net sales under this agreement,” Gillette India said.
For the financial year 2023-24 the net sales under the Bangladesh distributor agreement accounted for 2% of the company’s net sales.
“There is no material impact on the company’s profit due to this termination,” Gillette India added.
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