Unilever is to sell prestige skincare brand Kate Somerville to Rare Beauty Brands. Kate Somerville’s offer includes skincare, bodycare, and a clinic on Melrose Place, Los Angeles.
“Over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround. As the brand enters a new chapter, we believe that its continued growth and success will be best supported by new ownership better aligned to its evolving needs,” commented Mary Carmen Gasco-Buisson, CEO of Unilever Prestige.
Unilever acquired Los Angeles-based Kate Somerville in 2015. Last year, there were rumors that Unilever was looking to sell the brand. In May this year, Unilever also announced the closure of its Ren skincare business, which it acquired in 2015.
Unilever is in the midst of a restructuring effort, which involves divesting certain brands.
Unilever CEO Fernando Fernandez underlined in July that beauty, wellbeing and personal care would be a strong focus for the group.