LONDON — Unilever has acquired the independent prestige skin-care brand Kate Somerville Skincare LLC, WWD has learned.
Founded by the Los Angeles-based Kate Somerville, the brand is known for its innovation and performance. Products feature Active Balance Technology, a blend of advanced active ingredients with natural botanicals. It is distributed in the U.S., and has a growing footprint in Asia, according to Unilever.
“The most photographed faces in Hollywood trust Kate Somerville Skincare for its high-quality ingredients, proven results and touch of glamour. It is a highly differentiated brand that is well placed in the dermocosmetic segment of the skin-care category,” said Vasiliki Petrou, Unilever senior vice president, prestige brands.
“In recent years Kate Somerville Skincare has also made inroads into the fast-growing Asian market, with successful launches in several countries across the region. We believe it has exciting growth potential, and look forward to bringing its breakthrough products to new markets. Its premium positioning effectively complements our existing portfolio,” he added.
The terms of the deal were not disclosed. Kate Somerville and Michelle Taylor will continue in their current roles, as founder/spokesperson and chief executive officer, respectively.
Somerville said she is “extremely proud” of everything her team has accomplished. “Our treatments such as ExfoliKate and DermalQuench have become tried-and-true customer favorites. Unilever shares our commitment to quality, innovation and bringing consumers the best possible products…and I’m confident it will take Kate Somerville Skincare to even greater heights.”
Unilever’s Prestige division includes the skin-care lines Iluminage and Ioma; hair-care brand Nexxus; and Regenerate, an advanced toothpaste that aims to reverse enamel erosion. Earlier this year, the multinational giant purchased Britain’s Ren Skincare.
Financo represented Kate Somerville in the deal.