Unilever has announced the sale of the Kate Somerville brand to Rare Beauty Brands.
The Kate Somerville brand includes skincare, body care, and a clinic on Melrose Place, Los Angeles.
Mary Carmen Gasco-Buisson, CEO of Unilever Prestige, said that over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround.
As the brand enters a new chapter, the team believe that its continued growth and success will be best supported by new ownership better aligned to its evolving needs.
"We are confident that under Chris Hobson’s leadership and the Rare Beauty Brands team, Kate Somerville has a bright future ahead," she said.
Chris Hobson, President and CEO of Rare Beauty Brands, added that the acquisition of Kate Somerville was a significant milestone for Rare Beauty Brands.
"We have long admired the brand's innovative spirit and its commitment to results-driven skincare, which aligns perfectly with our mission to create products that delight, communities that empower, and brands that inspire," said Hobson.
"We believe that Rare Beauty Brands is the ideal home for the Kate Somerville brand, and we are excited to welcome its dedicated team into our family. Together, we see a bright future ahead, with new opportunities to grow and reach even more consumers who share our passion for highly efficacious, luxurious skincare.”
PricewaterhouseCoopers Corporate Finance LLC acted as exclusive financial advisor to Unilever on the sale of Kate Somerville Skincare.
The transaction is expected to close in Q4 of 2025, subject to regulatory approvals.
