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P&G Will Mix Some Hair Care Businesses with Wella

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By: TOM BRANNA

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Procter & Gamble Co. said today that it will combine some of its hair care businesses with those of Germany’s Wella AG, tapping into Wella’s expertise in the higher end and professional hair care businesses. The move will combine Wella, Procter & Gamble’s Clairol division, Prestige Beaute Fine Fragrances and Cosmopolitan Cosmetics. The combined business will be run by Wella Chief Executive Heiner Gurtler.P&G, which holds most of Wella’s ordinary voting stoc...

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