“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.” Read more at Reuters.
“When you think of the founder and CEO of fashion’s most respected beauty site, a studio art major with only $700 to spare probably isn’t the first person who comes to mind. Then again, Emily Weiss is not most people.” Read more at The Huffington Post.
“P&G has sent out sale documents to potential bidders for its Wella haircare unit, cosmetics brands and its fragrance business, according to the people, who asked not to be identified as the sale isn’t public. The businesses could be sold individually or combined, and could fetch as much as $19 billion altogether, said one of the people.” Read more at Bloomberg.
“Gucci Westman has become known for creating memorable (and trendsetting) beauty looks during Fashion Week at shows like Rag & Bone, Marchesa, Oscar de la Renta and more in her role as the global artistic director of Revlon, which she plans to exit on April 15.” Read more at Fashionista.com.
“Mobile digital technology isn’t about portability, it’s about activity: tweeting while meeting, shopping while shopping, posting while hosting, etc. Personal care and beauty brands that cater directly to the fast-paced digital consumer will win in this space.” Read more at Cosmetics Design.
“On April 2, vente-privee.com presented the results of a study on the behaviour and brand loyalty of prestige beauty buyers. While the web is now the preferred source of information of both consumer types, samples remain the key enrolment drivers for brands trying to recruit new consumers.” Read more at Premium Beauty News.