Procter & Gamble Settles Suit by Sassoon

Procter & Gamble Co. settled a lawsuit brought by Vidal Sassoon over claims the company improperly stopped selling his brand in the U.S. and Europe.

Terms of the settlement are confidential, Procter & Gamble and Sassoon said in a joint statement. The case was set for trial next month in federal court in Los Angeles.

Sassoon, 76, contended the company violated its contract by failing to market and promote his shampoos and styling products enough, instead building up its Pantene line and hurting Sassoon sales.