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Beauty Industry

P&G Moves Up on Fortune 500

Company is now No. 20 on top corporation roster

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By: Jamie Matusow

Editor-in-Chief

Procter & Gamble (P&G) started out 2008 with a bang, according to the Fortune 500 list for 2009. It sold off its Folgers brand, put through price increases and moved more aggressively into upscale beauty treatments when it bought hair-care brand Frederic Fekkai.

With that, P&G has jumped to 20 from 23 on the Fortune 500 annual list of top corporations.

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