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Market Chatter: Colgate-Palmolive Weighs Sale of Certain Personal Care Brands

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Colgate-Palmolive (CL) is exploring a potential sale of select mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, Reuters reported Friday, citing sources familiar with the matter.

The consumer products company is working with investment bank Goldman Sachs (GS) on the process, the news outlet quoted the sources as saying.

The specific brands slated for divestment could fetch a combined valuation of over $1 billion, Reuters reported, citing the sources.

Colgate-Palmolive and Goldman Sachs did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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