Unilever acquires Kate Somerville Skincare
London/Rotterdam – Unilever announced today that it has acquired leading independent prestige skincare brand, Kate Somerville Skincare LLC.
Founded by Los Angeles-based Kate Somerville, the brand is one of the most trusted names in the premium US skincare market. Featuring unique Active Balance Technology™ that combines advanced active ingredients with natural botanicals, Kate Somerville’s products are known for their innovation and performance. The brand is distributed through prestige retailers in the United States, and has a growing footprint in Asia.
Vasiliki Petrou, Unilever SVP Prestige Brands, says: “We are excited to be adding Kate Somerville to the Unilever Prestige personal care portfolio. The most photographed faces in Hollywood trust Kate Somerville Skincare for its high quality ingredients, proven results and touch of glamour. It is a highly differentiated brand that is well placed in the dermocosmetic segment of the skin care category.”
“In recent years Kate Somerville Skincare has also made inroads into the fast growing Asian market, with successful launches in several countries across the region. We believe it has exciting growth potential and look forward to bringing its breakthrough products to new markets. Its premium positioning effectively complements our existing portfolio,” explains Petrou.
Kate Somerville, Founder, adds: “I’m extremely proud of everything we’ve accomplished to make Kate Somerville Skincare into the company it is today. Our treatments such as Exfolikate and Dermal Quench have become tried-and-true customer favourites. Unilever shares our commitment to quality, innovation and bringing consumers the best possible products. Its scale and long history building iconic brands makes Unilever the perfect partner in the next stage of our journey and I’m confident it will take Kate Somerville Skincare to even greater heights.”
Terms of the deal were not disclosed.
100 Victoria Embankment
London EC4Y 0DY
+44 (0) 207 822 5252
This announcement may contain forward-looking statements, including 'forward-looking statements' within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as 'will', 'aim', 'expects', 'anticipates', 'intends', 'looks', 'believes', 'vision', or the negative of these terms and other similar expressions of future performance or results, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever group (the "Group"). They are not historical facts, nor are they guarantees of future performance.
Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever's global brands not meeting consumer preferences; Unilever's ability to innovate and remain competitive; Unilever's investment choices in its portfolio management; inability to find sustainable solutions to support long-term growth; customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain; the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; successful execution of acquisitions, divestitures and business transformation projects; economic and political risks and natural disasters; financial risks; failure to meet high ethical standards; and managing regulatory, tax and legal matters. Further details of potential risks and uncertainties affecting the Group are described in the Group's filings with the London Stock Exchange, NYSE Euronext in Amsterdam and the US Securities and Exchange Commission, including the Group's Annual Report on Form 20-F for the year ended 31 December 2013 and Annual Report and Accounts 2013. These forward-looking statements speak only as of the date of this announcement. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.