Colgate-Palmolive is considering divesting some of its personal care brands. This was reported by Qazaqyia.kz citing Reuters.
According to the sources, the company is seeking to divest some brands in this category. Details of the potential deal have not been disclosed.
Reuters reported the information based on its own sources. No official statement from the company has been published so far.
Colgate-Palmolive is a major international consumer goods company. Its portfolio includes several well-known brands in oral care and personal care categories.
If a decision to sell personal care brands is made, it could affect the company's business structure. However, the specific brands that may be sold and the value of the potential deal have not been named.
Previously, no official announcements had been made about the company's plans to divest these brands. According to Reuters sources, the company is considering such steps.