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.
Exclusive: @longchamp is planning to stage its first official runway show at New York Fashion Week this fall. The French leather goods firm has expanded into ready-to-wear as part of its repositioning as a lifestyle brand. The show, scheduled for September 8, will also cap the brand’s 70th anniversary celebration. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @dominiquemaitre)
The Duke and Duchess of Sussex undertook their first overseas engagement as a married couple in Dublin. The trip included multiple events and outfits changes, including this black dress by @emiliawickstead that Meghan Markle wore for a party at the British Ambassador’s home. #wwdfashion #royals
At 20 years old – and with an estimated net worth of $900 million - @kyliejenner is the youngest person to ever make @forbes’ annual list of America’s Richest #SelfMadeWomen. “It’s incredible to be recognized for something I’m so passionate about, and I’m really grateful for that. I’ve always loved makeup and worked really hard to bring the first lip kit to the market,” said Jenner on founding @kyliecosmetics. See who else is on the list on WWD.com. #wwdnews #wwdbeauty (📷: @rainerhosch)
“The collection is inspired by Tulum and the Mayan Riviera – its laid-back luxury, life of cabanas, untouched coastline, natural habitats, exotic cocktails and jungle parties with renowned DJs,” said Matteo Maniatty, creative director and cofounder of @descendantofthieves, on the brand’s inspiration for its latest collection. See more designer sketches and inspirations on WWD.com. #wwdfashion #nyfwmens #nyfw
@riccardotisci17 is releasing a limited-edition capsule collection as part of his anticipated runway debut for @burberry in September. Delivered in a series of instant drops, this is the second Burberry capsule collection announced since Friday, when Tisci broke the news on his collaboration with @viviennewestwood. Get all the details on WWD.com. #wwdfashion #wwdnews
“It’s like a Cinderella story. You get a little fake, you get a little real, you put it together and voilà,” said legendary rapper Slick Rick, who helped pioneer the merge of luxury and streetwear. WWD’s @ariahughes spoke to @therulernyc about his jewelry collection, his collaboration with @bally and how the industry has evolved – link in bio. (📷: @kristaschlueter)
@ragandbone and @eminem are teaming up on a special capsule collection of streetwear pieces. Sold at a one-day pop-up in London’s Soho on Friday, the collection features three different T-shirt designs and a hoodie. The capsule is set to kick off the rest of Eminem’s shows in his European Revival Tour, which ends on Sunday. Get all the details on WWD.com. #wwdfashion