Panasonic to decide what products to drop, Bloomberg reports

theflyonthewall.com

For nearly a century, Panasonic (PC) has grown into a consumer electronics giant producing everything from TVs to eyelash curlers. Next month, the new president, Kazuhiro Tsuga, will explain which products he wants consigned to Panasonic’s past, reports Bloomberg. The company lost over $14.1B since April 2011, and Tsuga plans to cut the number of business units by a third to focus on those offering the best profit margins, such as little-known operations like beauty appliances and welding machinery.

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