Sundial Brands will be part of Unilever in 2018

By Deanna Utroske contact

- Last updated on GMT

Sundial Brands will be part of Unilever in 2018
This week the consumer goods company announced a deal to acquire the hair care and personal care company founded by Richelieu Dennis in 1992. Known for efforts to reposition what have been called ‘multicultural’ and ‘ethnic’ beauty products in the mainstream consumer space, Sundial Brands will add a new dimension to the Unilever portfolio.

As a condition of the acquisition, Unilever and Sundial Brands will launch a New Voices Fund “to empower women of color entrepreneurs,” ​according to the Unilever press release about the deal. The fund will open with a $50m investment; and there are plans to scale the New Voices Fund to $100m with outside investments.

Beyond that, for the time being it seems that the Sundial Brands business will continue as usual. Richelieu Dennis will remain CEO and executive chairman of what will be a standalone unit of Unilever as of Q1 2018 (pending customary regulatory approvals).

Intentional progression       

Competing on a multinational scale or being acquired by a prominent global corporation is, for many beauty startups, a dream or best-case objective. From the beginning Dennis had aspirations to take not only the Sundial Brands product lines global but to scale the company’s philosophy and strategy as well.

“I’ve always wanted Sundial Brands to be an inspiration to other minority-owned companies of how a business against all odds can achieve excellence, have significant social impact in our communities and be successful on a world stage,” ​he tells the press. 

“I am excited Sundial and Unilever have created this partnership, rooted in a purpose-driven ethos, that represents an incredible opportunity to take our Community Commerce economic empowerment and impact model to another level,” ​adds Dennis.

Team building

Esi Eggleston Bracey will join the Sundial – Unilever team as of 2018. Bracey steps in to the role of EVP and COO of Unilever North America Personal Care on January 1st.

Her nearly 20 years of experience in beauty business leadership roles includes serving as president of consumer beauty for Coty, as senior vice president and general manager of global cosmetics for P&G, as well as several other positions with that company.

Commenting on her hire, Dennis tells the press, “I’ve enjoyed a long-standing relationship with Esi and look forward to working with her to continue to change the game in beauty, personal care and community building.”​ According to the release, “Bracey will work closely with Dennis to further accelerate the growth, purpose-driven mission and consumer connectivity of Sundial Brands.”

Related topics: Business & Financial, Skin Care, Hair Care

Related news

Show more

Related products

show more

The best multi-tasking cosmetic ingredient

The best multi-tasking cosmetic ingredient

Sabinsa: Innovating the Science of Cosmetics® | 20-Nov-2017 | Product Brochure

The antioxidant benefits of the fruit extract of Emblica officinalis Gaertn. (Euphorbiaceae), commonly known in India as amla (Indian gooseberry), are...

Powders to packaging: cosmetic quality control

Powders to packaging: cosmetic quality control

Stable Micro Systems | 20-Nov-2017 | Technical / White Paper

Physical analysis is vital at every step of development for cosmetic products, from perfecting the consistency of creams, to ensuring gels glide on – and...

Related suppliers