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- Unilever (NYSE:UL) is reportedly considering the sale of its well-known skincare brand, Kate Somerville, which it acquired in 2015.
- The valuation Unilever would seek for Kate Somerville remains unclear at this stage. However, the brand holds significant recognition, particularly in Hollywood, and is a part of Unilever’s prestigious personal care portfolio, Sky reported, citing City sources.
- The company had engaged PricewaterhouseCoopers to field interest from potential buyers, City sources said.
- In addition to Kate Somerville, insiders suggest that Unilever is also planning to sell REN, another skincare brand it acquired in 2015, according to the report.
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