Unilever Launches Bid to Buy Garancia for Undisclosed Sum
March 27 2019 - 6:43AM
Dow Jones News
By Oliver Griffin
Unilever PLC (ULVR.LN) said Wednesday that it has made a binding
offer to buy France's Garancia, a derma-cosmetic company, for an
undisclosed sum.
The consumer-goods company said Garancia, which was founded in
2004, offers 38 premium facial and body skincare products
predominantly sold through the pharmacy channel in France, and in
selective retail distribution.
Unilever said the acquisition is expected to close in the second
quarter of 2019, following a consultation process.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
March 27, 2019 06:28 ET (10:28 GMT)
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