October 2, 2025: Gillette Pakistan Limited has announced plans to wind up its operations in Pakistan. The decision comes after its parent company, Procter & Gamble (P&G), confirmed an exit from the country under a global restructuring program.
The company said the move aligns with P&G’s broader strategy to reshape its global portfolio, supply chain, and organization. The decision marks the end of Gillette Pakistan’s decades-long presence in the local market.
Board Approval for ClosureGillette Pak
According to details from the Board of Directors’ meeting held today, the board approved the necessary steps for an orderly closure of business. The decision remains subject to compliance with all applicable laws and regulatory requirements.
The board noted that the process will include both preparatory and execution steps. This ensures that all actions for winding up operations are carried out in a structured and transparent manner.
Parent Firm Plans to Buy Out Remaining Shares
Series Acquisition B.V., the holding company with more than 90% of Gillette Pakistan, plans to buy the remaining listed shares. After completing the buyback, the company will delist Gillette Pakistan from the Pakistan Stock Exchange (PSX).
The board authorized the Chief Executive Officer, Chief Financial Officer, and Company Secretary to lead the delisting process. They will coordinate with the PSX, Central Depository Company (CDC), and Securities and Exchange Commission of Pakistan (SECP). The management will also hire consultants, legal advisers, and valuers to complete the process.
Next Steps for Delisting
Under the voluntary delisting rules of PSX, the company must convene a general meeting of shareholders within 30 days of agreeing on the purchase price. Shareholders will then vote on the delisting through a special resolution.
The company will buy back minority shares at a price set under the PSX Rule Book. This rule protects the rights of minority shareholders during the delisting.
End of Operations in Pakistan
The closure of Gillette Pakistan highlights a significant corporate shift in the local consumer goods sector. The brand has been present in the country for several decades, offering a range of personal care products. Its exit will leave a gap in the market as P&G consolidates its global operations.
The board emphasized that all actions will be carried out in full compliance with legal frameworks. The management will ensure transparency for stakeholders, including shareholders, regulators, and employees.
Industry analysts believe the exit could have a short-term impact on market competition. However, they also note that the restructuring is part of P&G’s broader plan to accelerate growth and value creation worldwide.
As the delisting process moves forward, shareholders will play a critical role in approving the special resolution. The outcome of the buyback offer will determine the final timeline for delisting Gillette Pakistan from the stock exchange.
For employees and local distributors, the company is expected to announce transition measures in the coming weeks. Further details will depend on the implementation of the global restructuring plan by P&G.
With this decision, Gillette Pakistan prepares to close a long chapter of operations in the country, reflecting the evolving strategies of multinational corporations in dynamic markets.
