Procter & Gamble prepares to split off 41 beauty brands

Procter & Gamble is close to splitting of 41 beauty brands as the consumer giant wraps up an exchange offer this week.

The company is asking existing shareholders to swap some or all of their shares for stock in the spinoffs.

Two years ago, P&G announced it would shed off 100 noncore labels. With the split of the 41 brands, it will complete that effort.

Read more from the Cincinnati Enquirer.