Daily Management Review

Unilever’s acquisition of Carver Korea will help boost its footprint in the beauty and personal care industry in South Korea.


09/25/2017


The deal is aimed at tapping the fast growing skincare business in South Korea.



On Monday, Anglo-Dutch company Unilever announced it has agreed to acquire cosmetics firm Carver Korea for 2.27 billion euros (2 billion pounds) from company’s founder, Goldman Sachs and Bain Capital.

The acquisition will help it expand its personal care and beauty care offerings.

Unilever said Carver was the fastest-growing skincare business in South Korea, through sales of its A.H.C brand, whose range includes toners, “Eye Cream for Face”, along with moisturizers, essences, sun protection and masks.

As per a source familiar with the matter at hand, Goldman Sachs and Bain had jointly purchased a roughly 60% stake in Carver for around $500 million in 2016.

When asked to respond to requests for comment, Goldman Sachs, Carver Korea, and Bain Capital were not available for immediate comment.


 


 


 

Source:

http://uk.reuters.com

 







Science & Technology

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

China Lifts Approval Freeze On New Video Games Launch

Concentrated Solar Plant System To Dispatch Electricity To The Grid On Demand

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece