Colgate Palmolive is an American diversified corporation focused on the production, distribution and provision of household, health care and perso19nal products, such as soaps detergents and oral hygine products. Under the Hill's brand, it is also a manfacturer of veterinary products. The company's corporate offices are on the Park Avenue in NewYork City, across from the Waldorf Astonia. The company is registered on the NYSE.
HISTORY
1806: William Colgate starts a starch, soap and candle business on Dutch Street in New York City.
1817: First Colgate advertisement appears in a New York newspaper.
1820: Colgate establishes a starch factory in Jersey City, New Jersey.
1857: Upon the death of founder William Colgate, the company is reorganized as Colgate & Company under the management of Samuel Colgate, his son.
1864: B.J. Johnson opens a soap factory in Milwaukee, WI, which later becomes the Palmolive Company.
1866: Colgate introduces perfumed soap and perfumes/essences.
1872: Peet Brothers establish soap company in Kansas City, Kansas where they make Crystal White soap.
1890: The Madison University in NewYork State was re-named as the Colgate University in honor of the Colgate family.
1896: Colgate introduces toothpaste in a collapsible tube.
1898: B.J. Johnson Soap Co. introduces Palmolive Soap.Today, the Palmolive equity is sold in over 88 countries in 54 variants.
1900: Colgate wins top honors for its fine soaps and perfumes at the World’s Fair in Paris.
2005: Colgate sold the underperforming brands Fab, Dynamo, Arctic Power, ABC, Cold Power and Fresh Start and did taste the success with these brands.
2006: Colgate-Palmolive announced the intended acquisition of Tom's of Maine, a leading maker of natural toothpaste, for US $100M.
2007: The company face major problems in China regarding counterfeiting of the Colgate Pamolive toothpaste.
COMMUNITY INVOLVEMENT
For the last 34 years the Colgate Palmolive Company has sponsered a non-profit track meet open to womwen of all ages. This event is called the Colgate Women's Games. The Colgate Womwen's Game is the nation's largest amature track series open to all girls from elementary school through college.
The Ethecal Consumer Research Association once recommended its readers not to but Colgate because of its use of animal testing, though this is no longer the case. The Ethical Consumer Association has aslo urged a boycott on many other products, including all products from the country of Canada. Ethiscore.org has rated Colgate 5.5 out of a possible 20. However, the company has made important steps and according to PETA in March 1999, Colgate Palmolive established a moratorium on animal testing for adult testing for adult personal care products ( this includes deodorants, shampoos, fragrances, and shaving creams). On a positive note the company has been able to successfuly complete a LEED Silver certified manufacturing plant in Morristown, TN in March 2008 which was the first of its kind in the U.S.
KEY PEOPLE
Current members of the board of directors of Colgate-Palmolive are: John T. Cahill, Jill Conway,Ellen Hancock, David W. Johnson, Richard Kogan, Delano Lewis, J.Pedro Reinhard, and Stphen I. Sadove.
Chief Executive Rueben Mark retired July 1, 2007. Ian M. Cook, President andCEO, replaced him.
SOME OF THE BEST KNOWN BRANDS OF COLGATE PALMOLIVE
- Mufphy Oil Soap
- Ultra Bite
- Speed Stick
- Dentagard
- Fab
- Pamolive(soap)
- Suavitel
- Colgate (toothpaste)
- Cold Powder
- Irish Spring
REVENUE
$15.328 billion(2008)NET INCOME
$ 1.957 billion(2008)
Some of the informations given above are subject to change. To keep yourself updated with the current happenings please visit the official website of the company : www.colgate.com
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