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Beauty Industry

P&G Explores IPO

The company is exploring an initial public offering of some of its beauty brands.

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By: Marie Redding

Senior Editor, Rodman Media

It’s been reported that Procter & Gamble is exploring an initial public offering of some of its beauty brands. The details haven’t been finalized.

P&G’s beauty brands include Covergirl, SKII, Wella Herbal Essences.

The company’s shares jumped 1.9 percent to $83.37 as of 12:22 p.m. in New York, giving it a market value of about $225 billion. Before Monday, the stock had tumbled about 10 percent this year, Bloomberg reports.

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