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Kimberly-Clark Exits Venezuela Market

February 29, 2016: 12:00 AM EST
Kimberly-Clark is reportedly leaving Venezuela, joining other multinational corporations exiting the troubled market. Venezuela accounted for about 3 percent of the company’s net sales in 2014, according to Citi researchers. Overall, Kimberly-Clark reported $2.3 billion in operating cash flow in 2015.
Dimitra DeFotis, "Adios Venezuela: Kimberly-Clark Joins Pepsi & Mondelez Exits", Barron’s, February 29, 2016, © Dow Jones & Company, Inc.
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