Show Notes
PZ Cussons, known for brands such as Imperial Leather, Carex and Original Source, has been around for more than a century, but its shape and focus today are very different from its origins.
The FTSE 250 consumer goods giant is focusing on core brands and expanding overseas, and owns market-leading products in a host of countries around the world.
But M&A deals, both good and bad, have meant there are questions to be asked around the company’s strategy, balance sheet and future priorities, all of which Alex Newman and Lord John Lee put to CEO Jonathan Myers.
The trio discuss PZ Cussons’ expansion overseas, its share price valuation, where it can save costs, the stake owned by one of the founders’ families and much more.
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Timestamps 00:00 Intro 00:49 What is PZ Cussons? 02:56 Lord Lee's involvement 06:33 Strategic review 10:31 Offers for African business 13:39 Value of the brands 16:02 Is the valuation low? 19:34 Innovation and building new brands 24:32 Manufacturing efficiencies 27:02 Impact of Iran War 29:48 Shareholder register 31:15 Involvement of family owners 40:08 Confidence in future outlook
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