PZ Cussons prices up as costs soar

Cleaning products maker PZ Cussons said it would have to raise its prices to combat soaring costs of its raw materials yesterday. The maker of Imperial Leather soap said trading over the past year was in line with its expectations, but it had to put “mitigation plans” in place to deal with rising costs, such as reducing the weight of soap bars from 125g to 100g, and passing on the costs to consumers.

“Across the group, raw material costs remain at high levels with mitigation plans underway through higher selling prices where possible as well as internal margin improvement projects,” it said in a trading update. It said heavy discounting and weak customer demand had also been problems in the UK, but its market share had grown after several brand relaunches, and premium brands had performed “particularly well”.