ED ARTZT IS DOING A LITTLE last-minute house cleaning before he retires from his post as Procter & Gamble's CEO at the end of June. On June 20, P&G announced plans to divest Fisher Nut and Bain de Soleil sun-care products, both acquired in the late 1980s, as well as about eight other small brands. Together, the businesses account for less than $160 million of P&G's $32 billion in sales.

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