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Henkel CEO Denies Reports Of Offer To Buy Wella Brand From P&G

June 13, 2015: 12:00 AM EST
Henkel CEO Kasper Rorsted said his company is not planning to buy the Wella haircare brand from Procter & Gamble. Saying his company does not need to acquire a multi-billion-euro brand to achieve its revenue growth targets, Rorsted denied reports, including those of Reuters, saying Henkel offered to buy Wella. P&G's Wella brand is likely to be valued between $5 billion and $7 billion, according to the Reuters report.
Thomas Atkins, "Henkel CEO downplays Wella takeover speculation: paper", Reuters, June 13, 2015, © Thomson Reuters
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