OTHERS ESTHETICS INTERNATIONAL GROUP BERHAD Acquisition of Dermalogica by Unilever

ESTHETICS INTERNATIONAL GROUP BERHAD

Type Announcement
Subject OTHERS
Description
ESTHETICS INTERNATIONAL GROUP BERHAD
Acquisition of Dermalogica by Unilever
Esthetics International Group Berhad (“EIG” or “the Company”) is pleased to note the announcement made by Unilever NV (“Unilever”) regarding Unilever’s acquisition of Dermalogica (“Announcement”).
Since 1989, EIG has been the exclusive distributor of Dermalogica skin care products for seven (7) countries, namely Malaysia, Indonesia, Hong Kong, Singapore, Thailand, Brunei and Philippines, as well as the authorized and designated supplier of Dermalogica products to Vietnam and Cambodia. 
Established in 1986, Dermalogica is the leading professional skincare brand worldwide and Dermalogica products and professional treatments are currently sold in over 80 countries worldwide. 
As noted in the Announcement, the acquisition of Dermalogica by Unilever will provide Dermalogica with opportunities and resources to take the brand to even greater heights and continue Dermalogica’s legacy in supporting the next generation of professional skin therapists and female entrepreneurs worldwide. 
Dermalogica will be incorporated into Unilever’s Prestige division, which is exclusively dedicated to select distribution and premium personal care brands. Jane and Raymond Wurwand, the founders of Dermalogica, have retained an interest in Dermalogica and will continue to work with Unilever to grow Dermalogica worldwide.
Unilever is one of the world’s leading suppliers of Food, Home and Personal Care products with sales in over 190 countries and reaching 2 billion consumers a day. Unilever has 172,000 employees and generated sales of €48.4 billion (RM203 billion) in 2014. 
The Board of Directors of EIG looks forward to continuing a positive relationship with Dermalogica and Unilever going forward.
This announcement is dated 26 June 2015.





Announcement Info

Company Name ESTHETICS INTERNATIONAL GROUP BERHAD
Stock Name EIG
Date Announced 26 Jun 2015
Category General Announcement for PLC
Reference Number GA1-26062015-00061