Micron Stock Surges on Strong AI Demand, Record Revenue, and Bullish Q4 Forecast 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow 
Nomura Stock Upgraded to Buy by BofA as Stronger ROE and Earnings Growth Boost Outlook 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Doncasters Raises $919 Million in NYSE IPO as Aerospace Growth Accelerates 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Unilever plc, a world-renowned British fast-moving consumer goods company, sold its Elida Beauty brand. It boasts a sizeable product portfolio with over 20 beauty and personal care brands, including Caress and Q-Tips.
Unilever is selling its Elida Beauty business unit to Yellow Wood Partners LLC, a Boston-based private investment firm. The company also sells its Timotei shampoo brand to redirect its focus to 30 prime essential products.
Unilever's Second Divestment Attempt of Elida Beauty
Reuters reported that this is the second time that Unilever attempted to sell its Elida Beauty division. The first time was in 2021, but the company withdrew the sale process later that year as the offers did not meet the firm's valuation expectations.
The sale process was revived in September this year, and Yellow Wood Partners won in the auction bidding for Elida Beauty. Unilever and the PEF company proceeded with the negotiations to finalize their deal, and they have reportedly been in talks since last week.
Yellow Wood Announces Its Acquisition of Unilever's Beauty Brand
This is Yellow Wood's second purchase of a non-core line from the London-based consumer goods firm this year. On Monday, Dec. 18, the investment company announced it bought Unilever's personal care unit, Elida Beauty.
"We are excited to work with Unilever's Elida Beauty team on the carve out and lead these brands into their next phase of growth and expansion," Yellow Wood's partner, Tad Yanagi, said in a press release. "We believe the Elida Beauty brands will flourish in the Yellow Wood operating model where our teams will work to build and enhance the growth and accessibility of this new platform."
Dana Schmaltz, a co-founding partner of Yellow Wood, further said, "We look forward to completing another successful transaction with Unilever to acquire these great consumer brands. Our partnership with Unilever continues to grow and we are excited to bring such fantastic brands as Q-tips, Caress, and VO5 among others into the Yellow Wood portfolio."
Photo by: Unilever Press Release
