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Procter & Gamble
Procter & Gamble, owner of Hunt Valley-based Cover Girl, may shed some beauty brands
Procter & Gamble, owner of Hunt Valley-based Cover Girl, may shed some beauty brands

Shares of Procter & Gamble Co. jumped more than 2 percent Monday on reports that the consumer products giant is looking into spinning off some beauty brands, which could include Hunt Valley-based Cover Girl. The Cincinnati-based maker of Crest, Pampers, Olay and Head & Shoulders said in August that it planned to sell off more than 100 brands by the middle of next year to cut costs, leaving it with the 70 to 80 most profitable brands that account for the bulk of sales. To reach that goal, the company is considering a sale or initial public offering of multiple brands in its beauty division in a single deal, Bloomberg reported Monday. The report, attributed to unnamed sources, said...

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