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.


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.
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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