Unilever to Acquire Haircare Brand K18
By Michael Susin
Unilever said it agreed to acquire the premium haircare brand K18, without disclosing financial details.
The Anglo-Dutch consumer goods company--which houses Ben & Jerry's ice cream and Dove soap among its brands--said Friday that the acquisition makes part of its strategy of portfolio optimisation toward higher growth areas.
The deal is expected to complete in the first quarter of 2024.
Unilever said that K18 is a brand that sits at the intersection of beauty and biotechnology, and has a range of products which helps to identify and address the causes of hair damage.
The product is mainly sold in North America, U.K. and Australia, it added.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
December 22, 2023 03:34 ET (08:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s the Difference Between the CPI and PCE Indexes?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
10 Top-Performing Dividend Stocks of the Month
-
Marathon Petroleum Earnings: No Change to Competitive Position, but Shares Look Expensive
-
Charlie Munger and How Not to Invest
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?
-
Mastercard Earnings: A Stable Environment Highlights the Firm’s Strengths
-
Pfizer Earnings: Solid Results Supported by Steady Tracking Toward $4 Billion In Cost Cuts
-
Starbucks Earnings: Not a Lot to Like About Results as Global Traffic Sputters