LONDON — Unilever plans to buy the personal-care and home-care brands of Quala, the Latin American consumer-goods company that was founded in 1980 and has a strong hair-care business.The terms of the deal revealed Monday were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions, Unilever said.Quala’s personal-care and home-care portfolio includes leading local brands including Savital/Savilé, eGo, Bio-Expert, Fortident and Aromatel. The companies produce hair and skin care and fabric conditioners, and had a combined turnover of more than $400 million in 2016.According to Unilever, Quala now has a strong presence in 10 countries in Latin America: Colombia, Ecuador, Mexico, Dominican Republic, Haiti, Peru, El Salvador, Honduras, Nicaragua and Guatemala.Paul Polman, Unilever’s chief executive officer, said Quala has done an “outstanding” job of building strong and competitive local brands.“The inclusion of these brands in our stable will consolidate our leading position in hair care globally, and contribute to our oral care and male grooming businesses, complementing very well our existing offering.”Miguel Kozuszok, executive vice president, Latin America, Unilever, said Quala’s brands would give Unilever “an even sounder footing in Latin America, broadening our offering in Mexico, Colombia and Ecuador. We look forward to continuing to grow these great brands.”Michael De Rhodes, chairman of Quala, said the sale followed a strategic review and the company would now like to focus its efforts and resources on accelerating growth on our core business."As a result of this transaction, Quala intends to increase its investment in innovation, continue broadening our product and brand portfolio, and maintaining our leadership positions in the region.”Quala’s Savital/Savilé is the number-one brand in hair care by volume in Colombia and has a good presence in the rest of the North Latin America region, according to Unilever.It uses aloe vera as the core ingredient across the brand, and incorporates other functional ingredients — such as Keratin, Biotin and Argan Oil — as variants that appeal to consumers.“The acquisition of Quala’s personal-care and home-care business reinforces Unilever’s commitment to our long-term model of compounding growth and sustainable value creation. The active management of the portfolio through bolt-on acquisitions such as this one, and the sustained investment in our existing brands, will help us deliver continued growth ahead of our markets,” Polman added.More From WWD:Condé Nast Adds Jonathan Schaaf as Chief Agency Officer‘Scream Queens’ Will Not Be Renewed for Season 3Huntsman and Swatch’s Arty Collaborations Presented at the Venice Biennale
Luxury handbag resale company @rebagofficial is planning to sell a rare collectible for $70,000: the @hermes White Crocodile Himalayan Birkin. The exclusive Birkin sold for about $100,000 in 2008, when @davidbeckham bought one for his wife @victoriabeckham to add to her collection. Read more about the rare Birkin on WWD.com #wwdaccessories
With her costume pearl necklace and what-you-see-is-what-you-get style, Barbara Bush, who died Tuesday at age 92, was a straight-shooter from start to finish.
Born Barbara Pierce in New York City, Bush served as the 37th first lady, as well as the country’s second lady from 1981 to 1989. In addition to being part of the longest presidential marriage — 73 years — Bush also had the unlikely distinction of having one son, George W., become the 43rd president and another son, Jeb, run unsuccessfully in 2016. Having served as second lady during the Reagan administration’s two terms and lived all over the world during her own husband’s ascending political career, Barbara Bush made it clear that literacy — not fashion — was her priority. Read more from Rosemary Feitelberg’s obituary on the late First Lady in WWD.com, link in bio. #barbarabush #wwdnews
Western and ’90s trends have influenced denim for fall 2018. Think raw, dark and coated jeans mixed with bold prints and tough leather. #trendtuesdays #wwdfashion (Styled by @thealexbadia;📷: @ryanplett)
@denimdaysfestival, which initially launched in Amsterdam in 2014 and has since expanded to New York, is heading to Nashville for the very first time. The two-day festival, which will take place in November, will feature brand activations, hands-on workshops by artisans and denim mills, a vintage market, live entertainment, and local food and drinks. Get all the details on WWD.com. #wwdnews #wwdfashion
Later this month, the popular “Diana: Her Fashion Story” exhibit will be reopening. @historicroyalpalaces, the charity that manages @kensingtonroyal, has been working towards adding new, never-before-seen garments to the exhibit, including this dress created by Gianni Versace for a fund-raising dinner at the Museum of Natural History in Chicago. The exhibit will reopen on April 26 at Kensington Palace @wwdfashion
“Our family has always been engaged and interested in the world around us. [My brothers and I] were always encouraged to have our own opinion at a young age, which is not always something a child is asked — especially to have an opinion with reasoning behind it,” said @yarashahidi on becoming an activist. We caught up with the 18 year old last week, where she talked about her road to acting, how “Black-ish” led her to start conversations about identity and more. Head to WWD.com to read what she had to say #wwdeye (📷: @chelsealaurenla)