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UNA Unilever PLC

55.04
-0.34 (-0.61%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unilever PLC EU:UNA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.34 -0.61% 55.04 54.50 55.80 55.22 54.56 55.16 1,903,470 16:40:00

Unilever to Acquire Haircare Brand K18

22/12/2023 8:49am

Dow Jones News


Unilever (EU:UNA)
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From Dec 2023 to Dec 2024

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By Michael Susin

 

Unilever said it agreed to acquire the premium haircare brand K18, without disclosing financial details.

The Anglo-Dutch consumer goods company--which houses Ben & Jerry's ice cream and Dove soap among its brands--said Friday that the acquisition makes part of its strategy of portfolio optimisation toward higher growth areas.

The deal is expected to complete in the first quarter of 2024.

Unilever said that K18 is a brand that sits at the intersection of beauty and biotechnology, and has a range of products which helps to identify and address the causes of hair damage.

The product is mainly sold in North America, U.K. and Australia, it added.

 

Write to Michael Susin at michael.susin@wsj.com

 

(END) Dow Jones Newswires

December 22, 2023 03:34 ET (08:34 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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