Valvoline restructuring segments to support long-term growth
In October 2021, Valvoline announced it would be restructuring its business by separating its Retail Services and Global Products segments. Although the company has not announced an exact timetable for the separation, Valvoline’s Board of Directors states that dividing the segments will support the long-term success of each. Valvoline’s Retail Services segment services the United States and Canada, while the Global Products segment serves more than 140 countries and territories.
StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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