(PRESS RELEASE) LONDON, / EuropaWire/ - Unilever has announced the sale of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm. The transaction is expected to close by the end of the year, with financial terms undisclosed. Unilever will retain a minority shareholding of 35% in the brand. Dollar Shave Club, known for its razors and male grooming products, will continue to serve consumers in North America and beyond under new ownership.
(IN BRIEF) Unilever has announced the sale of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm.
Unilever Sells Dollar Shave Club to Nexus Capital Management to Focus on Core Growth Areas
