Unilever/Alberto Culver takeover given green light in US

Published: 9-May-2011
Manufacturing Finance

Unilever receives regulatory clearance following divestment


Unilever has reached a settlement with the US Department of Justice over its takeover of Alberto Culver. The Anglo-Dutch household and personal goods giant has agreed to divest its Alberto VO5 and Rave hair care brands along with any associated products in the US, and the acquisition agreement is now expected to be completed by 10 May.

Unilever says the acquisition of Alberto Culver will make it the world’s leading company in hair conditioning, the second largest in shampoo and the third largest hair styling.
  • Companies:
  • Unilever
See more

You may also like

Finance

Unilever Q3 sales rise despite South East Asia slump

Read more
Sales slumped by 18% in Indonesia, with the consumer giant seeking to fix the long-standing’ market issues in the country

Trending Articles

  1. Tati Westbrook announces Tati Beauty relaunch after four-year legal battle settled The make-up influencer was sued by former business partner Clark Swanson over supplement brand Halo Beauty in 2024
  2. Tycoon behind Boots loses over $2 billion after Walgreens share price drop Stefano Pessina’s shareholding in Walgreens Boots Alliance, the parent company of UK chain Boots, has allegedly fallen
  3. Former K18 and Olaplex execs acquire Matter of Fact skin care Edward Connaghan and Denise Russell, founders of incubator Next8 Investments, said the premium beauty line is ‘tipped to be a skin care unicorn’
  4. You need to be a subscriber to read this article.
    Click here to find out more.
    Lifting the lid on Lush’s Christmas gifting Snow Fairy maker Lush produces millions of products every Christmas. Cosmetics Business provides an inside scoop into how it meets the mark each year
  5. You need to be a subscriber to read this article.
    Click here to find out more.
    Exclusive: Estée Lauder Companies names UK & Ireland President successor The appointment follows UK & Ireland President Sue Fox announcing her retirement after 30 years with the US beauty giant

Upcoming event

Cosmoprof India 2024

5-7 December 2024 | Mumbai, India See all

You may also like

Finance

Unilever Q3 sales rise despite South East Asia slump

Sales slumped by 18% in Indonesia, with the consumer giant seeking to fix the long-standing’ market issues in the country
You need to be a subscriber to read this article.
Click here to find out more.
Hair Care

K18 on life under Unilever and global expansion plans

The biomimetic hair science brand’s CEO Suveen Sahib on being acquired by a beauty giant, expanding K18’s market reach and breaking into the styling category
Manufacturing

Unilever sells controversial Russia subsidiary to Arnest Group

The sale encompasses Unilever’s business in the country, its four Russian factories and its Belarus business
Hair Care

Unilever Prestige names Mary Carmen Gasco-Buisson CEO

The beauty and retail industry veteran joins the consumer goods business on 1 November and replaces former division head Vasiliki Petrou
Skin Care

Unilever Ventures and Silas Capital back Jenni Kayne’s Oak Essentials

The Californian brand’s line-up features 26 ‘clean’ skin and body care skus
Skin Care

Unilever to streamline luxury beauty portfolio following prestige sales slump

The consumers goods giant is reportedly selling skin care brands Kate Somerville and REN Skincare
Finance

Nelson Peltz's Trian sells £181 million worth of Unilever shares

The activist investor’s fund cited ‘portfolio management’ as the reason for the offload
Subscribe now