Trending: Unilever Sells Elida Beauty for Undisclosed Sum
2023年12月18日 - 10:23PM
Dow Jones News
1252 GMT - Unilever is among the most mentioned companies across
news items over the past six hours, according to Factiva data,
after the company sold Elida Beauty business to Yellow Wood
Partners for an undisclosed sum. The Ben & Jerry's ice cream
and Dove soap owner said that the sale was part of its plan to
optimize its personal care portfolio and grow its power brands. It
followed a binding offer from Yellow Wood to buy the business.
While no price was put on the sale, Reuters reported last week that
Elida--which owns 20 beauty and personal care brands including
Q-Tips, Caress and Timotei--could fetch around $1 billion. Unilever
shares are down 0.2% at 3,748.50 pence and are 10% lower over the
year to date. Dow Jones & Co. owns Factiva.
(ian.walker@wsj.com.)
(END) Dow Jones Newswires
December 18, 2023 08:08 ET (13:08 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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