06.09.15
And the beauty business goes to...stay tuned. Sources say that bids for Procter & Gamble's beauty business are in and they include a list of top companies in the industry and a few Wall Street types as well. Traditional offers are said to have come in from Henkel and Coty, while private equity offers have come from the lieks of KKR, Clayton Dubilier & Rice and Warburg Pincus.
The bids arrive nearly a year after P&G CEO AG Lafley announced the company will sell more than half of its brands to concentrate on multibillion dollar brands such as Tide and Crest.
The bids arrive nearly a year after P&G CEO AG Lafley announced the company will sell more than half of its brands to concentrate on multibillion dollar brands such as Tide and Crest.