LONDON — Unilever has inked an agreement to sell its North American laundry business in the U.S., Canada and Puerto Rico to Vestar Capital Partners, a private equity firm.
The Anglo-Dutch consumer goods giant, which owns beauty brands such as Dove and Sunsilk, stated terms of the deal include a cash payment of $1.08 billion and shares with a face value of $375 million in The Sun Products Corporation, a new company formed from the merger of Vestar’s Huish Detergents operation and the laundry businesses it acquired from Unilever.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)