Why Unilever acquired Grüns and Dr. Squatch
Hello and welcome to Modern CEO ! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company . If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. During the…
In a strategic move, Unilever has acquired two grooming brands, Grüns and Dr. Squatch, for reported sums of $1.2 billion and $1.5 billion respectively. These acquisitions are part of Unilever's broader transformation, which aims to focus on personal care, beauty, and wellness segments. The company intends to leverage its scale to "do something amazing" with these acquisitions.
Unilever's president, Herrish Patel, emphasized the importance of digital brands in fast-growing segments and the potential for scientific innovation to set Unilever apart in the age of agentic commerce.
Written by urgent.news from Fast Company's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
