Kao Is ‘Best Fit’ For P&G’s Rumored Wella Divestiture – Euromonitor
This article was originally published in The Rose Sheet
Executive Summary
If reports prove true and Wella hair care is the next brand on P&G’s chopping block, Kao would have much to gain from the acquisition while posing minimal competitive risk to P&G, Euromonitor analyst Oru Mohiuddin observes. The business could sell for upwards of $7 billion, sources told Reuters in December.
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In Brief
P&G’s Wella hair-care unit is on the auction block reportedly, with Henkel, Kao and Unilever among potential buyers. More news in brief.
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P&G’s Potential Personal Care Brands Divestment Sparks Analyst Support
P&G could divest, at one fell swoop, prestige fragrances, makeup brands Cover Girl and Max Factor, and salon and small retail hair-care brands, analysts speculate, following reports that the firm is exploring a possible sale or IPO of personal care and beauty brands en masse.