Gillette ponders future of Braun

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Gillette Co., Boston, hired J.P. Morgan & Co. to review strategic alternatives for its Braun appliance business, except its hair removal and dental-care lines. Gillette had been rumored since last year to be seeking buyers for its stationery and Braun units to concentrate on the better-performing razor and toiletries businesses and improve its overall financial results. Last week, the company confirmed it had hired Merrill Lynch & Co. to review alternatives for its stationery products unit, which markets Liquid Paper correction products and Parker and Paper Mate pens.

Copyright February 2000, Crain Communications Inc.

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