No, Unilever is Not Selling Off its Beauty, Personal Care Business

Feb 3rd, 2021

Jacquelyn Schlabach

Unilever is reportedly not selling any of its beauty and personal care brands

Unilever is reportedly not selling any of its beauty and personal care brands

Unilever is reportedly not selling any "significant" portion of its beauty and personal care brands, according to Reuters.

Previously: Unilever Announces Inclusive Society Commitments

CEO Alan Jope told Reuters that the company isn't, however, ruling out smaller deals as part of reshaping its portfolio.

Reuters quoted CEO Alan Jope: “Don’t hold your breath for seeing any significant disposals in the beauty and personal care business."

Coty CEO Sue Nabi shares, 'Aligned with our broader sustainability goals across product, planet and people, our expanded gender-neutral parental leave policy underscores our holistic approach to sustainability for long-term success. It is a point of pride for all of us at Coty.'

Coty Announces Gender-neutral Parental Leave Policy Expansion in 2023 Sustainability Report

The policy sets a global minimum of 14 fully paid weeks for all employees, regardless of gender.

Mav Beauty Brands, home to brands like Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice (pictured), has obtained the approval of the Ontario Superior Court of Justice for the sale of substantially all of its assets and subsidiaries to an affiliate of LA-based Nexus Capital Management LP.

Nexus Capital Acquires Mav Beauty Brands

Concurrent with the new agreement, trading of the company's common shares on the Toronto Stock Exchange has halted; its common shares will be delisted on December 21, 2023.

What makes you feel good? A day at the beach? A relaxing bath? A good hair day?

What makes you feel good? A day at the beach? A relaxing bath? A good hair day?

Consumers are seeking out products designed to nourish their bodies and minds. Learn about feel-good beauty trends and product innovation with the Beauty Activations team.

Gelpro's Food-based Natural Collagen Supplements Target Inner Beauty

The collagen is exclusively sourced from Australian and New Zealand bovine hides, as well as marine and porcine alternatives.

Carlyle Group acquired a majority stake in Every Man Jack in 2020.

Report: Carlyle Group Selling Every Man Jack?

The brand could be worth around $400 million.

Kiehl's products are offered on the Instacart app and website at in-store pricing.

Kiehl's & Instacart Launch Same-Day Delivery

This partnership expands Instacart's skin care and beauty offerings by giving customers access to Kiehl's full lineup of skin and hair care products.

For fiscal 2023, the company expects net sales to decline 2.5% to 4% compared to $7.560 billion in 2022.

Bath & Body Works Announces Q3 2023 Results

Net sales were $1.562 billion, a decrease of 2.6% compared to net sales of $1.604 billion in the previous year.

Lindsay Holden, Britta Chatterjee and Shannon Kearney launched Odele in January 2020.

Odele Receives Minority Investment from Stride Consumer Partners

Odele has achieved 55% year-over-year growth between 2023 and 2022.

Stephid expects to achieve a double-digit turnover growth of almost €15m by 2023.

Anjac Health & Beauty Acquires Stephid

Anjac will be able to benefit from Stephid's cutting-edge expertise in top-of-the range manufacturing, packaging and kitting, with unique, tailor-made services of the highest quality.

Gross profit for Q3 was BRL 4.9 billion, as compared to BRL 5.2 billion in the previous year.

Natura &Co Q3 2023 Results

Net revenue was BRL 7.5 billion, as compared to BRL 8.4 in the previous year.

Global e-commerce sales during fiscal year 2023 were $348 million, representing 9.3% of net sales.

Sally Beauty Holdings Q4, Full-year Sales Decline

Consolidated net sales for the fourth quarter were $921 million, a decrease of 4.3% compared to the previous year.