Beauty Industry, Mergers and Acquisitions

Unilever Bumps Up Prestige Skin Care Portfolio

Acquires Kate Somerville brand

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By: Jamie Matusow

Editor-in-Chief

Unilever continues to boost its premium holdings, now adding independent prestige skincare brand Kate Somerville to its growing portfolio. 

Founded by Los Angeles-based Kate Somerville, the brand is known as one of the most trusted names in the premium U.S. skincare market, according to Unilever. Featuring unique Active Balance Technology that combines advanced active ingredients with natural botanicals, Kate Somerville’s products are known for their innovation and performance. The brand is distributed through prestige retailers in the United States, and has a growing footprint in Asia.

Vasiliki Petrou, Unilever SVP Prestige Brands, says: “We are excited to be adding Kate Somerville to the Unilever Prestige personal care portfolio. The most photographed faces in Hollywood trust Kate Somerville Skincare for its high quality ingredients, proven results and touch of glamour. It is a highly differentiated brand that is well placed in the dermocosmetic segment of the skin care category.”

Petrou adds: “In recent years Kate Somerville Skincare has also made inroads into the fast growing Asian market, with successful launches in several countries across the region. We believe it has exciting growth potential and look forward to bringing its breakthrough products to new markets. Its premium positioning effectively complements our existing portfolio.” 

Terms of the deal were not disclosed.
 

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