05.07.15
Unilever has purchased independent prestige skin care brand Kate Somerville Skincare LLC. Terms of the deal were not disclosed.
“We are excited to be adding Kate Somerville to the Unilever Prestige personal care portfolio,” said Vasiliki Petrou, Unilever SVP prestige brands. “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.”
Petrou also pointed to inroads the brand has made 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,” said Petrou.
“I’m extremely proud of everything we’ve accomplished to make Kate Somerville Skincare into the company it is today,” said founder Kate Somerville. “ Our treatments such as Exfolikate and Dermal Quench have become tried-and-true customer favourites. Unilever shares our commitment to quality, innovation and bringing consumers the best possible products. Its scale and long history building iconic brands makes Unilever the perfect partner in the next stage of our journey and I’m confident it will take Kate Somerville Skincare to even greater heights.”
“We are excited to be adding Kate Somerville to the Unilever Prestige personal care portfolio,” said Vasiliki Petrou, Unilever SVP prestige brands. “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.”
Petrou also pointed to inroads the brand has made 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,” said Petrou.
“I’m extremely proud of everything we’ve accomplished to make Kate Somerville Skincare into the company it is today,” said founder Kate Somerville. “ Our treatments such as Exfolikate and Dermal Quench have become tried-and-true customer favourites. Unilever shares our commitment to quality, innovation and bringing consumers the best possible products. Its scale and long history building iconic brands makes Unilever the perfect partner in the next stage of our journey and I’m confident it will take Kate Somerville Skincare to even greater heights.”