05.24.16
According to a story from Reuters, Unilever, Henkel and L'Oréal—along with a few other companies—are in the running to acquire leading mass market hair and body care brand OGX. These leading global brand manufacturers have reportedly all submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC.
The deal could with Vogue is estimated to be worth $2.5 billion to $3 billion, according to Reuters sources.
Three years ago a lawsuit halted Vogue’s effort for a sale worth more than $800 million. Carlyle Group LP acquired a 49% stake in the company a year later.
The Reuters report says industry sources put Vogue’s current annual earnings before interest, taxes, depreciation and amortization at around $150 million.
Vogue was founded in 1987 by chief executive Todd Christopher.
The deal could with Vogue is estimated to be worth $2.5 billion to $3 billion, according to Reuters sources.
Three years ago a lawsuit halted Vogue’s effort for a sale worth more than $800 million. Carlyle Group LP acquired a 49% stake in the company a year later.
The Reuters report says industry sources put Vogue’s current annual earnings before interest, taxes, depreciation and amortization at around $150 million.
Vogue was founded in 1987 by chief executive Todd Christopher.
