Unilever’s prestige beauty business, bulked up by acquisitions over the past five years, achieved 21% underlying sales growth in the FY 2021 first quarter. The firm has formed a new business unit, Elida Beauty, to house a number of smaller, non-core beauty and personal-care brands accounting for around €600m in revenues following talk of possible divestitures.
Unilever plc has separated a number of smaller beauty and personal-care brands into their own business unit, Elida Beauty, while training its focus on higher-growth prestige beauty and functional nutrition.
The firm has been talking about potentially making divestitures from its Beauty & Personal Care division to tidy its portfolio...