Get woke, go broke? Gillette’s ‘toxic masculinity’ ad via Grey New York haunts P&G as shaving giant takes US$8 billion writedown
Gillette’s infamous “toxic masculinity” ad may cost Procter & Gamble more than anyone imagined in January, reports The Washington Times.
The year that Gillette launched its “We Believe” campaign and asked “Is this the best a man can get?” has coincided with P&G’s $8 billion non-cash writedown for the shaving giant.
Chief Financial Officer Jon Moeller attributed much of the losses on “new competitors” offering “prices below the category average,” Reuters reported.
Observers such as Red State’s Brandon Morse responded by essentially likening the public stance to a lie by omission — the “toxic masculinity” ad punctuated news cycles for weeks and was repeatedly mocked on social media.
“Perhaps P&G isn’t willing to come forward yet with the fact that they made a monumental error in assuming men would take the ‘toxic masculinity’ commercial well, but they should soon,” Mr. Morse wrote Wednesday for the conservative website. “The brand is damaged enough to lose billions, and men aren’t coming back, especially with cheaper alternatives embracing men for who they are and not assuming the worst about them.”
The negative commentary from Twitter in January includes:
“Get woke, go broke. Stick to selling razors.”
“When did shaving have to get political?”
“Do we really need ‘woke razors?’”
“How to irreparably damage a brand in under 120 seconds: A Documentary.”
“Cringe shaving commercial. See this is actually genius. What Gillette is doing here is trying to lower our testosterone to the point we won’t have to shave anymore.”
19 Comments
I thought everyone who cane around to Gillette because of this ad, was going to buy $10000 worth of product?
Wait – you mean that they didn’t actually buy any because likes, shares and backslaps aren’t currency? I’m shocked.
Not sure the ad is directly responsible for an 8 billion dollar loss of a much broader consumer goods company that is still worth 65 billion dollars.
No, PG is worth a lot more. You have simply quoted the sales figures for the Group for last year.
For fin year 2018, P&G turned over approx $67 billion
Grooming (all products), which primarily includes Gillete, accounts for around 10% of revenue, say $6.7 billion. The $8 billion is not a loss, but a writedown in value, or a reduction in the book value of assets; hence, and whilst the company is doing ok across the board, this is still a heavy hit for a segment that accounts for 10 % of their business.
Probably many factors involved, though I am sure they took a hit in the US with the running of the ad
We use clippers.
Can’t think of a guy I know under 50 who uses a razor.
Cadbury was a good Aussie example of big brands trying to jump on a cause that they probably shouldn’t have. Lucky it had no spend behind it or it could have had a lo$$
Or, you know, just do it properly instead of half-arsing it. https://www.maxim.com/sports/nike-stock-all-time-high-2018-9
^^This
… people cared about advertising this much.
Definitely nothing to do with new competition
Or changing behaviours
Or one of the other millions of factors that influence this gigantic global business
Nope, it was the ad.
I am sure there are many factors
However, take the US market with Trump getting over the line and the bitter war of left / right on Twitter and elsewhere. Only need a small percentage of the US market to have a decent hit on sales.
This ad was at saturation point via social media, so discount the reasons at your own peril. Or, and if you are in the sector, why not try and make an ad along the same lines. prepared to take the risk?
It’s toxic beard culture that’s the big problem here
..how often people struggle to accurately determine an ROI on advertising.
Unless it is a loss.
@Kinda funny…
Excellent call
• The loss happened directly after the ad run. Now we can’t attribute the success of brands after they run certain TVCs, so why not the loss?
• Massive backlash in the states, surprisingly from women most of all.
• If you take the piss out of your target market and they respond positively, well at least you know they have a sense of humor. If you demonise them, you’re dead in the fucking water.
• Point above sounds stupid, but it’s true.
• Idiots.
And here I was thinking it was lesbians refusing to shave.
Just deserts. Enough with the demonizing men already.
I’ve not bought any since the ad. It’s good to see guys quietly fighting back against the absurb generalising. PC groups can’t stand generalising but had no problem doing it to men particularly white men
Just when you thought the Pespi poop couldn’t be topped for hitting new lows, this shizzle hits the airwaves. I personally won’t be using their product again, not cos I’m offended, I just needed a reason to go to the cheaper brands without feeling like a cheapskate. I could always just use a cut-throat and hopefully hit the jugular, just so that I never have to see this shit again. 🙂
What could possibly go wrong with alienating and insulting your main customer base? On the plus side, this campaign has probably attracted some young SJW warriors who live in Mommy’s basement and have no money to buy Gillette products.
Well. Let’s just see what happens to Gillette’s sales in the next quarter, okay?