Divesting With Agility
I led the divestitures of over 60 brands.
Some were profitable, some were not. Some were strategic, some were not. Some were discovered and developed internally and had great emotional currency and others did not. They all had one thing in common. We never once had seller’s remorse. We never once wished we didn’t sell. Every single time the company reallocated resources, reinvested proceeds and delivered better returns for the shareholders. Every single time we were better off!
McKinsey agrees.