Procter & Gamble Makes Nearly $1 Billion Gillette Boston HQ Bet as Growth Pressures Rise
Procter & Gamble’s Gillette unit will spend nearly $1 billion to buy 232 A Street in South Boston and build a new global headquarters and research center, keeping commercial and R&D operations in the city. The project, backed by city and state officials, will add 1.5 acres of public space and modernize Gillette’s base. Manufacturing will shift to Andover in 2026. P&G shares rose 0.9% Tuesday afternoon.