Mary Carmen Gasco-Buisson, CEO of Unilever Prestige, commented: “Over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround. As the brand enters a new chapter, we believe that its continued growth and success will be best supported by new ownership better aligned to its evolving needs. We are confident that under Chris Hobson’s leadership and the Rare Beauty Brands team, Kate Somerville has a bright future ahead.”
Chris Hobson, President and CEO of Rare Beauty Brands, commented: “The acquisition of Kate Somerville is a significant milestone for Rare Beauty Brands. We have long admired the brand's innovative spirit and its commitment to results-driven skincare, which aligns perfectly with our mission to create products that delight, communities that empower, and brands that inspire. We believe that Rare Beauty Brands is the ideal home for the Kate Somerville brand, and we are excited to welcome its dedicated team into our family. Together, we see a bright future ahead, with new opportunities to grow and reach even more consumers who share our passion for highly-efficacious, luxurious skincare.”
PricewaterhouseCoopers Corporate Finance LLC is acting as exclusive financial advisor to Unilever on the sale of Kate Somerville Skincare.
The transaction is expected to close in Q4 of 2025, subject to regulatory approvals.