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P&G/Wella

This article was originally published in The Rose Sheet

Executive Summary

Procter & Gamble Prestige Beauty Fine Fragrances and Clairol will be combined with Wella and Cosmopolitan Cosmetics under a unit to be overseen by Wella CEO Heiner Gurtler, P&G announces July 14. Gurtler is appointed group president-global prestige and professional care, reporting to P&G CEO A.G. Lafley. "This structure will ensure that Wella's prestige and professional care expertise is preserved and further developed," Gurtler notes. Wella distributes fragrances under Cosmopolitan Cosmetics. According to P&G, any changes to distribution of its prestige beauty or fragrance lines have not been established, but the company recently announced plans to terminate its U.S. fragrance distribution agreement with Clarins effective Dec. 31, 2005. In addition to Gurtler's appointment, P&G names Executive VP-Wella Professional, America/Asia/Pacific Carsten Fischer to the post of President-Professional Care, and Vice-President-Global Fine Fragrances Hartwig Langer to President-Prestige Products, both reporting to Gurtler...
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