Henkel AG & Co. KGAA ADR
 (HENKY)

- OTCPK - Current
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  • Jun. 9, 2015, 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)
    | Jun. 9, 2015, 3:04 AM | 6 Comments
  • Apr. 16, 2015, 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.
    | Apr. 16, 2015, 2:12 AM | 3 Comments
Company Description
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
Country: Germany