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