Colgate-Palmolive is considering the sale of the Softsoap, Irish Spring, and Speed Stick brands in a transaction worth over one billion dollars

Colgate-Palmolive is reportedly considering the sale of several personal care brands, including Softsoap, Irish Spring, and Speed Stick, with a potential value of £741.6m. The company is working with Goldman Sachs on the process, according to Reuters sources. This move aligns with broader industry trends of portfolio restructuring amid rising costs and geopolitical instability.

Colgate-Palmolive (CL) is exploring the sale of several personal care brands, including Softsoap, Irish Spring, and Speed Stick, according to sources. The company is working with Goldman Sachs on the potential divestiture, which could fetch over $1 billion. Colgate's stock is up 11% year-to-date, with net sales rising 4.9% in its most recent quarter. The personal care unit accounts for 17% of net sales, and the company faces intensifying competition in North America.

Colgate-Palmolive is exploring the sale of personal care brands like Softsoap, Irish Spring, and Speed Stick, potentially raising over $1 billion. The move is part of a portfolio review amid rising costs and competition. Goldman Sachs is advising. Colgate's net sales grew 4.9% last quarter, but North American organic sales fell 3%. Shares have risen 11% year-to-date.

Colgate-Palmolive is considering selling brands like Softsoap, Irish Spring, and Speed Stick, potentially for over $1 billion. The company is working with Goldman Sachs on the divestment, which is part of a broader portfolio review. Colgate-Palmolive's shares have risen 11% this year, with net sales up 4.9% in the latest quarter, but North American organic sales fell 3%. The sale, if completed, would represent a small portion of the company's overall business.

Colgate-Palmolive (CL) is exploring the sale of select personal care brands, including Softsoap, Irish Spring, and Speed Stick, potentially worth over $1 billion. The company is working with Goldman Sachs on the divestment, which is part of a broader trend among consumer goods companies streamlining their portfolios. Colgate's shares have gained 11% this year, with net sales up 4.9% in the latest quarter, though organic sales in North America declined 3%. The personal care unit contributed 17% o

Colgate-Palmolive (CL) is considering selling personal-care brands like Softsoap, Irish Spring, and Speed Stick, potentially for over $1 billion. The company, with a $70 billion market cap, aims to streamline its portfolio and focus on higher-growth areas. Colgate's shares are up 11% this year, but North American organic sales fell 3%. The company is working with Goldman Sachs (GS) on the potential divestiture.