Exclusive: Henkel, Revlon, Coty prepare P&G beauty brand offers: sources

April 15, 2015 8:08 PM

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Exclusive: Henkel, Revlon, Coty prepare P&G beauty brand offers: sources

(Reuters) - Personal care and cosmetics companies Henkel & Co KGaA AG, Revlon Inc and Coty Inc are preparing bids for parts of Procter & Gamble Co's beauty business, according to sources.

The three companies are working with investment banks ahead of a first-round bid deadline set for next week, the sources said on Wednesday. A successful sale would allow P&G to focus on more profitable consumer brands such as its Gillette razors, Tide detergent and Pampers disposable diapers.

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