Consumer goods giant Unilever announced on Tuesday the sale of its Kate Somerville brand to American beauty firm, Rare Beauty Brands.

The sale includes Kate Somerville skincare, body care, and a clinic on Los Angeles' Melrose Place.

Financial terms of the deal were not disclosed.

“Over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround," said Mary Carmen Gasco-Buisson, CEO of Unilever Prestige.

"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. We are confident that under Chris Hobson’s leadership and the Rare Beauty Brands team, Kate Somerville has a bright future ahead.”

The sale comes more than 12 months after the British consu

See Full Page