Unilever is to acquire skin care brand Dermalogica.
Sold in more than 80 countries, Dermalogica had a turnover of $240m (£153m) last year and offers retail products as well as lines for professional skin therapists. The brand is only sold in locations where there is a licensed skin care professional who can provide advice on how to address skin problems.
Dermalogica will be incorporated into Unilever’s Prestige division, which the company describes as dedicated to premium personal care brands.
“Dermalogica enjoys an outstanding reputation and incredible awareness among skin care professionals and consumers, and has a clear positioning as a superior skin health brand that perfectly complements the rest of our Prestige offering,” said Unilever CEO Paul Polman. “Dermalogica has great distribution and presence globally; and is a company founded on strong values and a common belief, shared by Unilever, in the role of business as a force for good in society.”
Dermalogica was launched in Los Angeles by Jane and Raymond Wurwand in 1986. While the terms of the deal have not been disclosed, the Wurwands have retained an interest in the company.
“Raymond and I are excited to be working with Unilever, a company with a long-standing history in growing brands and championing philanthropic initiatives,” said Jane Wurwand. “This partnership will provide Dermalogica with the opportunities and resources to take the brand to even greater heights.”
The transaction is subject to customary regulatory approvals.