Company News, Financial News

Beiersdorf Considers

Author Image

By: TOM BRANNA

Editor

Despite takeover speculation, German giant Beiersdorf insisted at its annual meeting that with growth targets intact, the company remains strong enough to go it alone. Industry sources commented that a tentative proposal by rival Henkel to link up with Beiersdorf had been spurned by Tchibo, which owns 30% of Beiersdorf. Allianz, which holds 44% of the company, has said it would sell its holding at the right price, but Beiersdorf executives insisted the company is currently seeking to make ta...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters