Bids for P&G brand sale start pouring in

MAJOR companies have expressed interest in taking a piece of Procter & Gamble's beauty business.

Industry insiders say early bidders for P&G brands include top companies in the beauty industry and a handful of Wall Street firms. The bids come nearly one year after the announcement from P&G CEO AG Lafley that Procter & Gamble will sell more than half of its brands to focus on multibillion dollar brands such as Tide and Crest.   

Companies such as Henkel and Coty have reportedly expressed traditional offers. KKR, Clayton Dubilier & Rice, and Warburg Pincus, meanwhile, are said to have given private equity offers.