EVIAN, France — Procter & Gamble could be looking for a few good beauty partners.

Speaking at the WWD Beauty CEO Summit in June, P&G chairman and chief executive officer A.G. Lafley said that currently nearly 90 percent of the company’s product innovation originates inside P&G. "We’d like a third or more of discovery and invention to come from outside — from external partnerships." Lafley has identified beauty and health care as areas of growth within the company. Last fall, P&G snapped up Clairol for $4.95 billion, its largest acquisition ever.

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