Unilever has plans of selling off its Sanex deodorant business for as much as $1bn. In the queue to buy the brand are competitors Procter & Gamble, Henkel and Colgate-Palmolive and the deal may close in a matter of weeks.
P&G and Colgate have an edge over Henkel as P&G is actively changing around its portfolio, while Colgate is hoping to acquire a new company with different interests.
Source: www.cosmeticnews.com
