Unilever Continues Expansion of Its Personal Care Portfolio With Acquisition of REN Skincare

The move furthers Unilever's bid to strengthen its presence in the premium personal care segment, even as it moves away from the stagnating foods business. The transaction is expected to close in May 2015, subject to regulatory approvals. REN Skincare, a niche brand that specializes in natural ingredients, has pioneered a new type of high performance skincare. It had sales of $62.6 million in 2013, 70% of which were derived from 50 countries. This underscores REN's global reach despite a relativ...