Unilever Offloads Prestige Skincare Line Kate Somerville

Ten years after acquiring skincare label Kate Somerville, Unilever announced on Tuesday that it will be sold to Rare Beauty Brands. Financial terms of the deal were not disclosed.

Rare Beauty Brands, which also owns the skincare brand Patchology and nail-care brand Dr. Dana, will acquire the brand’s skincare line and its facial studio in Los Angeles.

“Over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround,” said Mary Carmen Gasco-Buisson,…