UNILEVER has recently acquired Kate Somerville Skincare LLC, a leading independent prestige skincare brand.
One of the most trusted names in the premium US skincare market, Kate Somerville Skincare is distributed through prestige retailers in the U.S. and has a growing footprint in Asia. The brand, which is founded by Los Angeles-based Kate Somerville, features unique Active Balance Technology™ combining advanced active ingredients with natural botanicals to deliver innovation and performance.
The terms of the deal were not disclosed.
Vasiliki Petrou, Unilever SVP Prestige Brands, acknowledges the value of 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 glamor. 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,” added Mr, Petrou.
According to founder Kate Somerville, “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 favorites. 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.”
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