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CNN reports on how Procter & Gamble is expanding its dry cleaning business, which has grown since 2010 to now include some 125 franchises, plus “wash-and-fold services on 20 college campuses and more than 700 drop-off lockers at stores like Hy-Vee around the country.”

The company announced this week that it “would pull together these services together under a new name, Tide Cleaners. The brand plans to double the number of places around the country where customers can drop-off and pick-up their laundry to 2,000 by the end of next year. Tide will grow by opening up more laundry and dry cleaning stores, adding drop-off lockers to new apartment complexes and supermarkets, and expanding at schools.”

The story says that P&G “hopes its latest strategy will help it reach new customers and grow its business with customers who already use Tide. It plans to solicit building managers, franchisees, and retailers to open up a store or add a drop-off locker in their neighborhood.”


• The New York Times reports on how both the US Department of Justice and the US Securities and Exchange Commission (SEC) “are investigating Johnson & Johnson over concerns about possible asbestos contamination of its popular baby powder and other talc-based products.

There have in the past been press reports about “internal documents that showed decades of communications within the company about the risk of asbestos in its talc products even as Johnson & Johnson fought to keep negative information out of the public eye … Johnson & Johnson, which faces around 13,000 lawsuits in which its body powders are blamed for causing ovarian cancer or mesothelioma, has stood by the safety of its products.”

The information about the federal probes was included in a securities filing in which J&J said it was “cooperating with these government inquiries and will be producing documents in response” to subpoenas it had received.


• Hormel Foods announced that it is selling its CytoSport business, including Muscle Milk products, to PepsiCo. Terms of the deal were not disclosed.

The Star Tribune notes that “Hormel bought CytoSport in 2014 for $450 million as another entry point into non-meat protein sources, a growing consumer market.”
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