Company News, Financial News

Not So Fast…

Henkel doesn't need Wella, says CEO.

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By: TOM BRANNA

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Whet appetite, speculate, reject and repeat. All those reports of Procter & Gamble selling its Wella hair care business to Henkel may be all wet, according to an article in yesterday's edition of Welt am Sonntag. Henkel CEO Kasper Rorsted told the German newspaper that his company didn't need big acquisitions to grow. “We don't absolutely have to have big, multi-billion-euro acquisitions to reach our financial goals,” insisted Rorsted. “But you can...

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