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P&G exploring sale of US$7b Wella hair care unit: sources

Saturday, November 29, 2014 - 10:48

[LONDON] Procter & Gamble Co is working with Goldman Sachs to explore the sale of its hair care business Wella that could be worth around US$7 billion (S$9.13 billion), as the world's largest consumer products company streamlines its portfolio, sources familiar with the matter told Reuters.

P&G is exploring all options for the unit, which includes a professional and a trade business, that may result in selling the whole or parts, the sources said on Friday, cautioning that no final decision had been taken.

P&G declined to comment. Goldman Sachs was not immediately available to comment.

AFP