Unilever could also be seeking to slim its skincare portfolio.
On Sunday, Sky Information reported that Unilever has employed advisers from Pricewaterhousecoopers to discover a sale of Kate Somerville, a facialist-founded line well-liked with celebrities. It’s additionally reportedly contemplating disposing of Ren Clear Skincare, a skincare line that targets delicate pores and skin. It acquired each manufacturers in 2015, and homes them beneath the Unilever Status division.
In June, the division’s founding chief govt officer, Vasiliki Petrou, introduced her departure to launch her personal funding fund. A successor has not but been named.
Beneath her tenure, which started in 2014, the corporate acquired 10 manufacturers, together with hair care line K18 in December 2023. On July 1., the chief govt officer of Ren Clear Skincare, Michelle Brett, stepped down from her put up with out a successor named.
The skincare market has seen rising saturation, as reasonably priced traces resembling Cerave and The Odd have grown quickly, whereas premium traces like Augustinus Bader and Eighth Day have created buzz with wealthier customers, resulting in one thing of a squeezed center for premium manufacturers.
In its second-quarter earnings in June, Unilever famous softer progress in its status magnificence unit.
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Unilever Status CEO Vasiliki Petrou to Step Down
The chief is leaving the sweetness conglomerate to launch her personal funding fund.
