Unilever PLC cosmetic business sells Elida Beauty

Unilever PLC cosmetic business sells Elida Beauty Corporation of Unilever PLC reported about sale the cosmetic businesses to Elida Beauty to the American investment fund Yellow Wood Partners. The amount of transaction is not reported, the revenue of this division last year made about €800 million. It is expected that the transaction will be complete to the middle of the next year. About 20 cosmetic brands enter Elida, among which Timotei, Q-Tips, Brut, Cares, Tigi. Unilever PLC made attempts to sell Elida in 2021. As write mass media, then it did not accept conditions of offers on purchase. In September it again became...