Unilever, the global parent company of various FMCG brands, has announced the sale of personal care and beauty brand Kate Somerville to Rare Beauty Brands for an undisclosed amount.

Kate Somerville sells a range of products under its brand, including skincare, body care and operates a clinic in Los Angeles.

Mary Carmen Gasco-Buisson, CEO of Unilever Prestige, said: “Over the past 18 months, the team has worked diligently to accelerate Kate Somerville’s turnaround.

”As the brand enters a new chapter, we believe that its continued growth and success will be best supported by new ownership better aligned to its evolving needs.”

Chris Hobson, President and CEO of Rare Beauty Brands, added: “The acquisition of Kate Somerville is a significant milestone for Rare Beauty Brands. We have long admired the brand’s innovative spirit and its commitment to results-driven skincare, which aligns perfectly with our mission to create products that delight, communities that empower, and brands that inspire.

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The transaction is expected to be completed in the fourth quarter of 2025, subject to regulatory approval.

The announcement comes after the FMCG giant reported a dip in profit and planned to shift its focus to more premium brands to drive its growth.

The consumer goods giant reported that its profits dipped by 4.8% to £5bn (€5.8bn), while its turnover also fell by 3.2% to £26.7bn (€30.1bn), largely due to currency headwinds and disposals.