Personal care companies have been a rare hot spot in a sluggish year for consumer products mergers and acquisitions.
According to a study of M&A activity this year through October by Robert W. Baird & Co.’s investment banking department, the biggest consumer goods deal of 2009 so far has been The Stanley Works’ acquisition of The Black & Decker Corp. for $4.5 billion. However, the second, third and fourth largest were all in the personal care field, topped by Unilever’s $1.88 billion acquisition of Sara Lee’s personal care business and followed by Unilever’s $412 million takeover of Tigi. Energizer Holdings’ $275 million acquisition of S.C. Johnson’s Edge and Skintimate brands was the fourth largest middle-market deal.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"