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Unilever acquires Dollar Shave Club for $1 billion
LONDON and ROTTERDAM, Netherlands -- Unilever has acquired Dollar Shave Club in a deal said to be worth about $1 billion, gaining a firmer foothold in the burgeoning market for male grooming products.
Unilever announced lat Monday that it had signed an agreement to purchase Dollar Shave Club. Founded in 2012 and headquartered in Venice, Calif., Dollar Shave Club has grown into a full male grooming business that has transformed the shaving category with its lifestyle brand empowering 3.2 million members.