Wednesday, April 08, 2015
P&G Selling More Beauty Brands
Quite a big sell off. In BizJournals: " ... Cincinnati-based P&G (NYSE: PG) sent sale documents to potential bidders for its Wella haircare unit along with cosmetics brands and its fragrance business, according to a Bloomberg report. People familiar with the offerings told Bloomberg the brand sales could bring in a total of as much as $19 billion. P&G bought Wella in 2003 for $7 billion. ... "
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