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Unilever announces the sale of Dollar Shave Club


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Englewood Cliffs – Unilever has today announced the sale of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm. In addition to its razors, Dollar Shave Club also offers a range of male grooming products including its recent expansion into electric trimmers.

A selection of Dollar Shave Club products.

Fabian Garcia, President of Unilever Personal Care, said: “This marks another step in our journey to transition our portfolio towards core strategic growth areas. Dollar Shave Club has a loyal membership and following, and I am confident the brand will thrive under its new ownership and continue to serve consumers across North America and beyond.”

Michael Cohen, Partner at Nexus Capital Management, said: “We are thrilled to acquire Dollar Shave Club, based on its strong brand loyalty, pioneering DTC model, and omni-channel presence. We see growth potential and will invest in cutting-edge marketing, product quality and new innovations. Dollar Shave Club will also serve as a platform for additional brands with a similar DNA. We are excited to work with Dollar Shave Club employees to drive accelerated growth and welcome Unilever's continued partnership.”

Dollar Shave Club Interim Co-CEOs Mary Jensen and Dale Brockmeyer said: "We are grateful to Unilever for their support and are looking forward to a strong partnership with Nexus Capital Management. Their commitment to investing in our challenger brand will unlock future growth and create an inspiring environment for our employees."

Unilever will retain a minority shareholding of 35%.

The transaction is expected to close this year subject to customary closing conditions.

Financial terms of the agreement are undisclosed.

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Nexus Capital Management

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