Sunday, January 14, 2007

Gillette moving headquarters from Pru to Fort Point

Gillette is moving all of its office works from the Pru to their facility on A street and is going to spend $250m on the new facilities. No word yet if this involves new buildings or simply changes to their existing structures.


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Gillette to move headquarters to S. Boston, upgrade facility
By Jenn Abelson, Globe Staff | January 11, 2007 Procter & Gamble Co. said yesterday that Gillette will vacate its Prudential Tower corporate headquarters and consolidate at the shaving firm's South Boston factory, where P&G plans to invest an additional $35 to $50 million to upgrade the facility.The Cincinnati consumer products conglomerate, which bought Gillette in 2005 for $54 billion, also said it will eliminate the Gillette global-business unit, which included blades and razors, Braun, and Duracell, as a separate division. Instead, P&G will combine the unit with its existing beauty and health, and household care businesses, joining brands such as Olay skin care and Tide detergent.
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Employees now located in the Back Bay will finish moving to South Boston when the Prudential lease expires in 2009. P&G said it plans to spend up to $50 million -- in addition to $200 million previously disclosed in 2005 -- to upgrade and expand office space, lobby and meeting areas, training rooms, a cafeteria, and an employee fitness center.
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