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Retains a 35% minority share holding in this one-time category disruptor in a deal with Nexus Capital Management.
October 31, 2023
By: Christine Esposito
Editor-in-Chief
Unilever has sold the majority of Dollar Shave Club to Nexus Capital Management LP, a US-based private equity firm. Unilever will retain a minority shareholding of 35% in the men’s grooming brand that it acquired In 2016. The transaction is expected to close this year subject to customary closing conditions. “This marks another step in our journey to transition our portfolio towards core strategic growth areas. Dollar Shave Club has a loyal membership and following, and I am confident the ...
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