Does Robert Kraft own Gillette razors?

By Jason Bolton May 07, 2024 06:22

Robert Kraft, the chairman and chief executive officer of the Kraft Group, is best known as the owner of the New England Patriots, an American football team in the National Football League (NFL), and the New England Revolution, a Major League Soccer (MLS) team.

Kraft is also involved in various other ventures, including the esports industry and philanthropy. But, there has been some speculation and confusion regarding his ownership of Gillette razors.

Robert Kraft's Ownership of Gillette Stadium

Gillette Stadium, located in Foxborough, Massachusetts, is the home stadium of both the New England Patriots and the New England Revolution. The stadium is named after the Gillette Company, a well-known brand that produces razors and other personal care products.

Robert Kraft is the owner of Gillette Stadium, which has led to questions about his ownership of the Gillette brand itself. However, it is important to note that while Kraft does own Gillette Stadium, he does not have ownership of the Gillette brand.

Kraft's Relationship with Gillette

Robert Kraft's connection to Gillette is primarily through the naming rights of the stadium. The naming rights are a business agreement between Kraft and the Gillette Company, which is owned by Procter & Gamble.

This agreement allows the stadium to be named after the Gillette brand, providing exposure and marketing opportunities for the company. It is crucial to understand that this naming rights deal does not confer ownership of the Gillette brand or its products to Robert Kraft.

Procter & Gamble's Ownership of Gillette

Gillette, a brand known for its razors and personal care products, is owned by Procter & Gamble, a multinational consumer goods corporation. Procter & Gamble acquired the Gillette Company in 2005, solidifying its ownership of the brand and its products.

As a result, Robert Kraft's ownership of Gillette Stadium does not translate to ownership of the Gillette brand itself.

Misconceptions and Clarifications

There have been misconceptions and speculations regarding Robert Kraft's involvement with Gillette, particularly due to the naming rights of Gillette Stadium.

Although, it's important to clarify that while Kraft has a significant business relationship with Gillette through the stadium's naming rights, he does not own the Gillette brand or its products.

To summarize, Robert Kraft, the owner of the New England Patriots and the New England Revolution, has a business relationship with Gillette through the naming rights of Gillette Stadium. Still, it's crucial to distinguish between Kraft's ownership of the stadium and Procter & Gamble's ownership of the Gillette brand.

Despite the association between Kraft and Gillette through the stadium, he does not own the Gillette brand or its products. This distinction is important in understanding Kraft's business endeavors and affiliations.

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