Proctor & Gamble Co. Exploring Sale or IPO of Beauty Brands

by Michela Galante , AdForum

(Bloomberg) -- Procter & Gamble Co. is exploring a sale or initial public offering of some of its beauty brands in a single deal, people with knowledge of the matter said, in a move to accelerate its exit from up to 100 product lines.

P&G is working with its advisers on the plan, the people said, though it hasn’t finalized the details, including which products will be separated. The company may still decide not to follow through with the separation, the people said. Read more on Bloomberg.