Share Name Share Symbol Market Type Share ISIN Share Description
Unilever Plc LSE:ULVR London Ordinary Share GB00B10RZP78 ORD 3 1/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -92.00p -1.80% 5,025.00p 5,012.00p 5,014.00p 5,126.00p 5,011.00p 5,098.00p 2,177,534 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 45,843.0 11,134.8 314.7 15.9 58,719

Unilever to Buy Skincare Brand Tatcha

10/06/2019 7:23pm

Dow Jones News


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   By Stephen Nakrosis 
 

Unilever NV (UN) said Monday it was acquiring Tatcha, a "leading prestige skincare brand," in a deal expected to close in the third quarter of this year.

Financial terms of the deal weren't disclosed.

The Tatcha brand was founded in 2009 by Victoria Tsia, and sells a variety of beauty products inspired by Japanese skincare practices, including skincare treatments, lipsticks and moisturizers.

According to Unilever, Tatcha's products are formulated using green tea, rice and a type of algae. The company said these three ingredients are "anti-aging superfoods."

Vasiliki Petrou, Unilever EVP and chief executive Prestige, said "We are delighted to have Tatcha joining our portfolio of Prestige brands. Inspired by Japanese pure beauty rituals, Tatcha is one of the best performing beauty brands in North America, famous for its exceptional product experience and unique combination of natural ingredients and high product efficacy."

Unilever also said Tatcha "is distributed through prestige retailers predominantly in the U.S. and has an outstanding social media and digital presence."

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

June 10, 2019 14:08 ET (18:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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