Camay, a Procter & Gamble product introduced in 1926, is a scented soap that has faced declining market appeal and competition, leading to a proposed re-launch. The new marketing strategy includes product innovation with variations such as herbal, minty, anti-aging, and children's soaps, alongside a penetration pricing strategy to attract customers. The plan also emphasizes aggressive advertising and a pull strategy to meet consumer demand while addressing previous marketing failures in regions like Pakistan.