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Unilever could also be trying 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 standard 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 below the Unilever Status division.
In June, the division’s founding chief government officer, Vasiliki Petrou, introduced her departure to launch her personal funding fund. A successor has not but been named.
Below 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 government officer of Ren Clear Skincare, Michelle Brett, stepped down from her submit with no successor named.
The skincare market has seen growing saturation, as reasonably priced strains corresponding to Cerave and The Atypical have grown quickly, whereas premium strains 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.
Signal as much as The Enterprise of Magnificence publication, your complimentary, must-read supply for the day’s most vital magnificence and wellness information and evaluation.
Unilever Status CEO Vasiliki Petrou to Step Down
The manager is leaving the wonder conglomerate to launch her personal funding fund.
