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Revlon Reported Bidding On P&G Brands

Procter & Gamble is set to receive multiple bids for beauty brands from rival companies, Reuters reported Wednesday. The news service cited unnamed sources that Revlon Inc. is bidding for P&G's cosmetics labels CoverGirl and Max Factor; Henkel & Co is interested in buying P&G's haircare business, which includes the Wella and Clairol; and Coty Inc. wants P&G's prestige fragrance business. The three companies are working with investment banks ahead of a first-round bid deadline set for next week, Reuters said.

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