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Henkel AG & Co. KGAA ADR (HENKY)

- OTCPK - Current
  • 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).
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  • Dec. 8, 2011, 11:46 AM
    Procter & 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.
    | 1 Comment
  • Apr. 13, 2011, 8:12 AM
    The EU fines Unilever (UL +0.9%) and P&G (PG +0.4%) €315M ($456M) for fixing washing powder prices in eight countries. Germany's Henkel (HENKY.PK), which alerted the European Commission to the cartel, was not penalized.
    | 1 Comment
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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