Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Unilever, the FTSE-100 consumer goods giant known for brands such as Magnum, Lynx, and Marmite, is reportedly working with advisers on the sale of its upmarket skincare brand, Kate Somerville. The company is also exploring the possibility of selling REN, another personal care brand. Both brands were acquired by Unilever in 2015 and were mentioned in a Fundsmith critique of Unilever's mergers and acquisitions strategy. The decision to sell these brands is part of Unilever's broader strategy to streamline its skincare portfolio, a move that has been welcomed by investors but has caused some concern among staff.
🇬🇧 Unilever slims skincare portfolio with Kate Somerville sale https://t.co/wpBBXlB5yK
Unilever $ULVR $UL reportedly exploring sales of Kate Somerville and REN from Personal Care Both companies were acquired in 2015, and featured in the Fundsmith critique of Unilever M&A (in their Jan-23 investor letter), as assets that were bought then rarely mentioned again https://t.co/CqYiTUk7lB https://t.co/emJAkm62cA
Revealed: Unilever, the FTSE-100 consumer goods giant behind brands such as Magnum, Lynx and Marmite, is working with advisers on a sale of Kate Somerville, an upmarket skincare range, and exploring a disposal of REN, another personal care brand. https://t.co/NfMHtMxDhs
