Unilever has acquired independent prestige skincare brand, Kate Somerville Skincare. Founded by Los Angeles-based Kate Somerville, the brand is distributed through prestige retailers in the United States, and has a growing footprint in Asia. The amount of the transaction was not disclosed.
“The most photographed faces in Hollywood trust Kate Somerville Skincare for its high quality ingredients, proven results and touch of glamour. It is a highly differentiated brand that is well placed in the dermocosmetic segment of the skin care category,” says Vasiliki Petrou, Unilever SVP Prestige Brands. “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,” explains Petrou.
