No, Robert Kraft does not own Gillette razors.
While the name "Gillette" is prominently associated with Robert Kraft through his ownership of Gillette Stadium, the company that manufactures Gillette razors is owned by a different entity. This distinction is a common point of confusion.
Understanding the Ownership
Robert Kraft's primary connection to the "Gillette" name is through the Gillette Stadium, home to the New England Patriots (NFL) and New England Revolution (MLS) sports teams, which he owns. However, the stadium's naming rights are distinct from the ownership of the Gillette brand itself.
Here’s a clear overview:
Entity | Owner(s) | Key Role |
---|---|---|
Gillette Stadium | Robert Kraft (through the Kraft Group) | Home of the New England Patriots and Revolution |
Gillette Company | Procter & Gamble (P&G) | Manufacturer of razors and personal care products |
Clarifying the Relationship
- Robert Kraft and Gillette Stadium: Robert Kraft, through his diversified holding company, the Kraft Group, owns the land and the structure of Gillette Stadium. The stadium's name comes from a naming rights agreement with The Gillette Company, which is a common practice in professional sports. This means Gillette pays for its name to be featured on the stadium, but it does not imply ownership of the company by Kraft.
- Gillette Razors and Procter & Gamble: The Gillette Company, celebrated globally for its extensive line of shaving and personal grooming products, has been a subsidiary of Procter & Gamble (P&G) since 2005. P&G is a multinational consumer goods corporation that owns a vast portfolio of well-known brands across various categories, including health, beauty, and home care.
In essence, Robert Kraft owns the venue where the New England Patriots play, which bears the Gillette name due to a sponsorship agreement. The actual company that produces Gillette razors is a part of Procter & Gamble's vast portfolio.