BERLIN — Procter & Gamble is reportedly getting ready to make a bid for Beiersdorf, the German consumer goods group best known for its Nivea brand.
Reports appearing in the German financial press Monday said P&G has already informed Beiersdorf’s majority shareholder, the Munich-based financial services conglomerate Allianz, of its interest in taking over Allianz’s 43.6 percent stake in Beiersdorf. Allianz would not comment on the reports, nor would Beiersdorf. Reached in Cincinnati, Ohio, a spokeswoman at P&G declined comment, citing a policy against discussing speculation.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)