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P&G May Sell Wash & Go Hair Care Brand

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By: TOM BRANNA

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Procter & Gamble announced today it is exploring a possible divestiture of its Wash & Go hair care brand, sold only in Europe.

“Although Wash & Go is a profitable and highly recognized brand, it is no longer a primary focus area for us within our broader hair care business,” said Martin Nuechtern, president of P&G’s global hair care business.

“We believe we can better maximize shareholder return by focusing our resources on brands that offer the greatest potential for global business growth, such as Pantene Pro-V and Head & Shoulders.”

Mr. Nuechtern explained this is consistent with the company’s ongoing efforts to ensure all of its brands are delivering maximum value for its shareholders. Specifically, P&G’s beauty care strategy is focused on building leadership brands that offer excellent growth potential globally.

P&G is in the process of soliciting bids for Wash & Go. If an acceptable offer is not received, P&G will retain the brand. If P&G sells Wash & Go, the company will be able to redeploy the employees now working on the business. Wash & Go represented less than 1% of P&G’s total global beauty care sales in fiscal year 1999/2000.

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