P&G begins Clairol assimilation
This article was originally published in The Rose Sheet
Executive Summary
Procter & Gamble will move forward with integrating $1.6 bil. Clairol hair care brand after finalizing the acquisition from Bristol-Myers Squibb, P&G announces Nov. 16. Clairol hair color/professional products will be based in Stamford, Conn., while hair care/personal care will be integrated with P&G's beauty businesses. Global Clairol/color and Herbal Essences teams will be based in Stamford, firm says. Plans for staffing, sourcing, manufacturing and Clairol offices outside the U.S. will be determined within 90 days, company adds. P&G's VP-Clairol Transition Rob Matteucci has been appointed VP-global color/professional products. Company announced it gained regulatory clearance Nov. 7 ("The Rose Sheet" Nov. 12, In Brief)...