Unilever has reached an agreement to sell its skincare brand Kate Somerville à Rare Beauty Brands. The deal includes the brand's product portfolio and its Melrose Place clinic, based in Los Angeles.
According to Mary Carmen Gasco-Buisson, CEO of Unilever Prestige, this decision follows efforts to reposition the brand over the past 18 months. " We are convinced that its future growth will be better supported by a new owner, more in tune with its evolving needs. "she said, expressing confidence in Rare Beauty Brands' ability to support this transition.
Chris Hobson, President and CEO of Rare Beauty Brands, described the acquisition as a strategic milestone. He praised Kate Somerville's commitment to " results-oriented skin care "adding that the brand was fully in line with his company's mission, and would benefit from increased visibility and resources.
Financial terms of the agreement were not disclosed. The transaction, advised by PwC Corporate Finance LLC, is expected to close in the fourth quarter of 2025, subject to regulatory approval.
