Advertisement
Singapore markets close in 3 hours 37 minutes

  • Straits Times Index

    3,287.04
    -0.71 (-0.02%)
     

  • Nikkei

    38,043.44
    +414.96 (+1.10%)
     

  • Hang Seng

    17,621.03
    +336.49 (+1.95%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Bitcoin USD

    64,218.42
    +78.29 (+0.12%)
     

  • CMC Crypto 200

    1,384.75
    +2.18 (+0.16%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,347.70
    +5.20 (+0.22%)
     

  • Crude Oil

    83.88
    +0.31 (+0.37%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,573.86
    +4.61 (+0.29%)
     

  • Jakarta Composite Index

    7,115.99
    -39.31 (-0.55%)
     

  • PSE Index

    6,572.75
    -2.13 (-0.03%)
     

Exclusive - P&G exploring sale of $7 billion Wella hair care unit: sources

Reuters
Procter & Gamble's corporate headquarters is seen in Cincinnati, Ohio, January 28, 2005.

LONDON (Reuters) - Procter & Gamble Co (PG.N) is working with Goldman Sachs (GS.N) to explore the sale of its hair care business Wella that could be worth around $7 billion (4.48 billion pounds), 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.

(Reporting by Anjuli Davies and Freya Berry; editing by Pamela Barbaglia)