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Pin to quick picksUnilever Share News (ULVR)

Share Price Information for Unilever (ULVR)

London Stock Exchange
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Share Price: 4,224.00
Bid: 4,230.00
Ask: 4,231.00
Change: -32.00 (-0.75%)
Spread: 1.00 (0.024%)
Open: 4,235.00
High: 4,245.00
Low: 4,218.00
Prev. Close: 4,256.00
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IN BRIEF: Unilever buys haircare brand K18 amid portfolio restructure

Sun, 24th Dec 2023 10:38

Unilever PLC - London-based maker of food & drink, cleaning, toiletry, and personal care products - Agrees to buy "biotech" haircare brand K18 for an undisclosed price. Founded in 2020, K18 has a range of six products that aim to use biotechnology to identify and address the causes of hair damage. It is distributed through professional salons and retailers, primarily in North America, the UK and Australia. The deal is expected to complete in the first quarter of next year, Unilever says on Friday.

"This marks another step in the optimisation of Unilever’s portfolio towards higher growth areas," Unilever says. On Monday last week, Unilever said it had sold Elida Beauty, maker of Q-Tips cotton swabs and Caress body wash, to private equity firm Yellow Wood Partners LLC, also for an undisclosed sum. Unilever said the Elida Beauty disposal was part of its effort to optimise its Personal Care portfolio, with focus on growth of its 'power brands'.

Current stock price: 3,786.50 pence

12-month change: down 10%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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IN BRIEF: Unilever CEO buys over 1,200 shares in Amsterdam

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22 Dec 2023 12:33

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(Sharecast News) - Unilever said on Friday that it has agreed to buy premium biotech haircare brand K18 for an undisclosed sum.

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IN BRIEF: Unilever sells Q-Tip maker Elida Beauty to private equity

Unilever PLC - London-based maker of food & drink, cleaning, toiletry, and personal care products - Agrees to sell Elida Beauty to Boston, Massachusetts-based private equity firm Yellow Wood Partners LLC for an undisclosed sum. Elida encompasses more than 20 beauty and personal care products, including Q-Tips cotton swabs and Caress body wash, generating turnover of EUR800 million in 2022. Completion is expected by mid-2024. Unilever says the disposal is part of its effort to optimise its Personal Care portfolio, with focus on growth of its 'power brands'.

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