Henkel agrees to buy Vidal Sassoon brand in China from P&G
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German consumer goods firm Henkel reported it plans to acquire the Vidal Sassoon hair-care brand in China from US consumer goods giant Procter & Gamble.
Vidal Sassoon's portfolio focuses on the premium hair care segment with shampoos and conditioners. It also offers products around styling and treatments.
"With this acquisition, we are able to offer a complete portfolio of hair innovations to consumers in China - across Schwarzkopf, Schwarzkopf Professional, Shiseido Professional, as well as Vidal Sassoon," said Wolfgang König, executive vice president of Henkel Consumer Brands.