Unilever is bulking up in hair with the acquisition of Sundial Brands.Sundial owns hair-care and skin-care brands SheaMoisture, Nubian Heritage, Madam C.J. Walker and Nyakio, and will operate as a stand-alone unit within Unilever. The company's brands are known for being inclusive and ingredient-focused. SheaMoisture, for example, which has been selling well in a mass-market landscape that is generally slow (in the U.S.), makes hair, bath, skin care and cosmetics products that are paraben, phthalate, petroleum, paraffin, mineral oil, DEA, formaldehyde and propylene-free, as well a cruelty free.Sundial's founder, Richelieu Dennis, will continue to head the business as chief executive officer and executive chairman. The business is expected to do $240 million in sales for 2017. As part of the deal, Unilever and Sundial are putting $50 million into the New Voices Fund, which is aimed at supporting women of color entrepreneurs. The companies intend to accept other investments and scale the fund to $100 million.“I’ve always wanted Sundial Brands to be an inspiration to other minority-owned companies of how a business against all odds can achieve excellence, have significant social impact in our communities and be successful on a world stage,” said Dennis. “I am excited Sundial and Unilever have created this partnership, rooted in a purpose-driven ethos, that represents an incredible opportunity to take our community commerce economic empowerment and impact model to another level.”“The Sundial team has built differentiated and on-trend premium brands serving multicultural and millennial consumers that enhance our existing portfolio,” said Kees Kruythoff, president, Unilever North America. “Sundial is an important addition to our U.S. portfolio of purpose-driven companies, which includes Ben & Jerry’s and Seventh Generation.”“We are excited to partner with Richelieu and his team to enable Sundial to bring its unique product offerings and community impact to more people around the world,” said Alan Jope, president, Unilever Personal Care. “We look forward to continuing to grow the business and make an even bigger impact on society through Sundial’s community programs.”Separately from the Sundial deal, Unilever has appointed Esi Eggleston Bracey, formerly of P&G, as executive vice president and chief operating officer of Unilever North America Personal Care effective Jan. 1. Bracey will work with Dennis to grow Sundial.“I’ve enjoyed a long-standing relationship with Esi and look forward to working with her to continue to change the game in beauty, personal care and community building,” Dennis said.For Unilever, the deal comes as the company has been building out its beauty business. Unilever's recent acquisitions include Hourglass Cosmetics, Carver Korea and hair-care brand Living Proof. The business is also said to be incubating brands, and launched one — ApotheCare — at CVS in November. Industry sources have said Unilever will continue to focus on beauty to try to avoid takeover offers like the one it got from food giant Kraft Heinz earlier in 2017.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion