Unilever Acquires Dollar Shave Club
July 19 2016 - 9:21PM
Business Wire
Wednesday July 20, 2016 – Unilever today
announced that it has signed an agreement to purchase Dollar Shave
Club®. Founded in 2012 and headquartered in Venice, California,
Dollar Shave Club (DSC) has grown into a full male grooming
business that has transformed the shaving category with its
lifestyle brand empowering 3.2 million members. In 2015, DSC had
turnover of US$152 million and is on track to exceed US$200 million
in turnover in 2016. Terms of the transaction were not
disclosed.
With a product and brand range that extends far beyond shaving
to include Wanderer® men’s personal wash products, Big Cloud® men’s
skin care products, Boogies® hair styling products, and One Wipe
Charlies® daily wipes, Dollar Shave Club® brings to Unilever’s
personal care category a unique male grooming perspective.
“Dollar Shave Club is an innovative and disruptive male grooming
brand with incredibly deep connections to its diverse and highly
engaged consumers,” said Kees Kruythoff, President of Unilever
North America. “In addition to its unique consumer and data
insights, Dollar Shave Club is the category leader in its
direct-to-consumer space. We plan to leverage the global strength
of Unilever to support Dollar Shave Club in achieving its full
potential in terms of offering and reach.”
Michael Dubin, founder and CEO of Dollar Shave Club, added: “DSC
couldn’t be happier to have the world’s most innovative and
progressive consumer-product company in our corner. We have long
admired Unilever’s purpose-driven business leadership and its
category expertise is unmatched. We are excited to be part of the
family.”
Michael Dubin will continue to serve as CEO of DSC.
Subject to regulatory approval, the transaction is expected to
close during the third quarter.
About Unilever:
Unilever is one of the world’s leading suppliers of Food, Home
and Personal Care products with sales in over 190 countries and
reaching 2 billion consumers a day. It has 169,000 employees and
generated sales of €53.3 billion in 2015. Over half (58%) of the
company’s footprint is in developing and emerging markets. Unilever
has more than 400 brands found in homes around the world, including
Persil, Dove, Knorr, Domestos, Hellmann’s, Lipton, Wall’s, PG Tips,
Ben & Jerry’s, Marmite, Magnum and Lynx.
Unilever’s Sustainable Living Plan commits to:
- Helping more than a billion people take
action to improve their health and well-being by 2020.
- Halving the environmental impact of our
products by 2030.
- Enhancing the livelihoods of millions
of people by 2020.
Unilever was ranked number one in its sector in the 2015 Dow
Jones Sustainability Index. In the FTSE4Good Index, it achieved the
highest environmental score of 5. It led the list of Global
Corporate Sustainability Leaders in the 2016
GlobeScan/SustainAbility annual survey for the sixth year running.
Unilever was ranked the most sustainable food and beverage company
in Oxfam’s Behind the Brands Scorecard in 2016 for the second
year.
For more information about Unilever and its brands, please visit
www.unilever.com. For more information on the USLP:
www.unilever.com/sustainable-living/
About Dollar Shave Club:
Dollar Shave Club is a men's grooming brand dedicated to helping
men live smarter, more successful lives through high-quality
personal care products, content and technology. DSC began in March
2012 with a simple offering: deliver high-quality razors for a few
bucks a month. DSC has since launched a lineup of additional
products on its march toward owning the men's bathroom. Those
products include Wanderer, a sulfate-free shower line including
Calming Body Cleanser and Body Bar, Awakening Body Cleanser and
Body Bar, Face Cleanser and a Lathering Shower Cloth; Big Cloud, a
compromise-free skin protection line including Hand Cream, Lip
Balm, and Daily Face Moisturizer with Sunscreen; Boogie’s Gel,
Clay, Cream, Fiber and Paste; Dr. Carver's Easy Shave Butter,
Pillowy Shave Lather, Magnanimous Post Shave Cream, and Miracle
Repair Serum; and One Wipe Charlies. DSC will soon be the easiest
place for guys to get the things they use every day. For more
information, visit www.dollarshaveclub.com or you can also follow
Dollar Shave Club on Twitter (@DollarShaveClub), Facebook and
Instagram.
Cautionary Statement/Safe Harbour:
This announcement may contain forward-looking statements,
including ‘forward-looking statements’ within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
Words such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’,
‘looks’, ‘believes’, ‘vision’, or the negative of these terms and
other similar expressions of future performance or results, and
their negatives, are intended to identify such forward-looking
statements. These forward-looking statements are based upon current
expectations and assumptions regarding anticipated developments and
other factors affecting the Unilever Group (the “Group”). They are
not historical facts, nor are they guarantees of future
performance.
Because these forward-looking statements involve risks and
uncertainties, there are important factors that could cause actual
results to differ materially from those expressed or implied by
these forward-looking statements. Among other risks and
uncertainties, the material or principal factors which could cause
actual results to differ materially are: Unilever’s global brands
not meeting consumer preferences; Unilever’s ability to innovate
and remain competitive; Unilever’s investment choices in its
portfolio management; inability to find sustainable solutions to
support long-term growth; customer relationships; the recruitment
and retention of talented employees; disruptions in our supply
chain; the cost of raw materials and commodities; the production of
safe and high quality products; secure and reliable IT
infrastructure; successful execution of acquisitions, divestitures
and business transformation projects; economic and political risks
and natural disasters; financial risks; failure to meet high and
ethical standards; and failure to comply with laws and regulations,
including tax laws. These forward-looking statements speak only as
of the date of this document. Except as required by any applicable
law or regulation, the Group expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Group’s expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based. Further details of potential risks and uncertainties
affecting the Group are described in the Group’s filings with the
London Stock Exchange, Euronext Amsterdam and the US Securities and
Exchange Commission, including in the Group’s Annual Report on Form
20-F for the year ended 31 December 2015 and the Annual Report and
Accounts 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20160719006720/en/
Unilever Global Media RelationsMerlin Koene, 0734 2068
784Merlin.Koene@unilever.comorUnilever US Media RelationsJoelle
Hutcheon, 00 1 201 894 7760MediaRelations.USA@unilever.comorDollar
Shave Club Media RelationsKristina Levsky, 00 1 323 842
1500Kristina.levsky@dollarshaveclub.com
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