Monday, 8 August 2011

P&G Hikes Ad Spending to Record Levels | News - Advertising Age

As Wall Street panics, Madison Avenue -- at least that part funded by Procter & Gamble Co. -- need not begin just yet.

P&G hiked its world-leading global ad spending 8%, or more than $700 million to $9.3 billion, for the fiscal year ended June 30, setting all-time records both in absolute terms and as a share of sales for the company despite a weak economy and rising commodity costs.

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