Mon, Jun. 15, 6:34 PM
- Coty (NYSE:COTY) +7.5% AH after the NY Post reports it has acquired three beauty products and fragrance lines from Procter & Gamble (NYSE:PG) for as much as $12B combined.
- The businesses are believed to include PG's Max Factor, CoverGirl and Wella hair care brands, and would catapult Coty into the big leagues in the consumer space.
- Other bidders reportedly had included Henkel (OTCPK:HENKY) and P-E firms KKR, Clayton Dubilier & Rice and Warburg Pincus.
Mon, Jun. 15, 7:57 AM
- Henkel (OTCPK:HENKY) CEO Kasper Rorsted dismissed talk the company was close to an acquisition of Procter & Gamble's (NYSE:PG) Wella business in an interview with a German publication.
- Reports from last week indicated Henkel was willing to pay up to $7B for the hair care P&G unit.
- KKR & Co. was also reported to be on the hunt for Wella.
Tue, Jun. 9, 3:04 AM
- Stepping closer to shedding some more non-core assets, P&G (NYSE:PG) has received several binding offers for separate parts of its beauty business.
- Bidders, including Henkel (OTCPK:HENKY), Coty (NYSE:COTY) and P-E firms KKR (NYSE:KKR), Clayton Dubilier & Rice and Warburg Pincus, have made offers in the billions of dollars for P&G's haircare unit, cosmetics division and fragrance business.
- CEO Lafley said last August he would reverse the company's strategy of aggressive expansion and unload more than half of its brands.
- Previously: Personal care companies prep bids for P&G beauty brands (Apr. 16 2015)
Thu, Apr. 16, 2:12 AM
- As part of a cost-cutting strategy by Chief Executive A.G. Lafley, Procter & Gamble (NYSE:PG) may soon offload $10B-$12B worth of its beauty brands.
- Personal care and cosmetics companies Henkel (OTCPK:HENKY), Revlon (NYSE:REV) and Coty (NYSE:COTY) are preparing bids for P&G's haircare business, cosmetics division and fragrance unit, respectively, sources told Reuters.
- CEO Lafley said last August he would reverse the company's strategy of aggressive expansion and shed more than half of its brands.
Wed, Apr. 8, 11:17 AM
- Procter & Gamble (PG +0.4%) has started the process to take offers for its Wella haircare business, sources tell Bloomberg.
- The sale of the unit could fetch as much as $19B in one deal or several piecemeal transactions.
- Henkel (OTCPK:HENKY, OTCPK:HENOY), OTC:HELKF, Revlon (REV +1%), Unilever (UL -0.1%), Coty (COTY -1.2%), and Kao Corp. (OTC:KAOCF, OTCPK:KCRPY) are reported to be in the running.
- P&G in the midst of a large brand-shedding initiative which is expected to leave it leaner and more efficient.
Mon, Mar. 16, 7:10 AM
- Wal-Mart (NYSE:WMT) is giving more exposure on its shelves in U.S. stores to higher-end detergent Henkel in a move which will consumers more choices in the category.
- Tide's dominant position in the U.S. has given Procter & Gamble (NYSE:PG) a fair amount of pricing power - even with the dominant retail giant from Bentonville.
- Persil is a premium detergent brand owned by Henkel (OTCPK:HENKY, OTC:HELKF).
Dec. 8, 2011, 11:46 AMProcter & Gamble (PG) is slapped with a €233.6M (~$310M) fine for fixing laundry detergent prices in France during 1997-2004; Colgate-Palmolive (CL) and Henkel (HENKY.PK) are hit with smaller fines. The companies "met secretly several times a year in hotels and restaurants to discuss pricing and discount strategies," the French antitrust authority says. | Dec. 8, 2011, 11:46 AM | 1 Comment
Apr. 13, 2011, 8:12 AM
Founded in 1876, Henkel holds globally leading market positions both in the consumer and industrial businesses with well-known brands such as Persil, Schwarzkopf and Loctite.<br />Henkel, headquartered in Dsseldorf / Germany, has some 47,000 employees worldwide and counts among the most... More
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