Flash Report 3 minutesRegister for Free AccessUnilever to Acquire Skincare Brand Tatcha for a Reported $500 Million Coresight Research June 11, 2019 Executive SummaryUnilever has signed an agreement to acquire the prestige skincare brand Tatcha. Unilever reportedly paid almost $500 million for the brand. Tatcha was founded in 2009 by Victoria Tsai in San Francisco with an innovation center in Japan known as the Tatcha Institute. The brand is reportedly on track to bring in $100 million in net sales in 2019. The brand has become a cult favorite by introducing Japanese skincare to the world. Its products have become popular at retailers such as Sephora. At a reported $500 million, the deal marks the biggest acquisition by Unilever since it acquired Dollar Shave Club for $1 billion in 2016. The acquisition will support Unilever’s expansion of its prestige beauty segment. The Tatcha acquisition represents a meaningful strengthening of Unilever’s offering in prestige, natural beauty, further nudging the balance of the company’s beauty and personal care offering away from midmarket toiletries. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Essential Guide to Shoptalk 2024: Strategies and Opportunities Across Five Retail ThemesChatGPT and Generative AI: Five Things Retailers Should Know—UpdateGroceryshop 2024: Wrap-Up—Exciting Tech Abounds, but the Physical Store Remains the Center of CommerceDollar Stores Retain Their Appeal: US Consumer Survey Insights 2023, Week 40