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Professional hair care business and academies in deal
April 13, 2009
By: TOM BRANNA
Editor
In early 2009, Unilever announced that it has signed an agreement to acquire the global TIGI professional hair product business and its supporting advanced education academies for a cash consideration of $411.5 million. The deal is now complete and on time with expectations. Upon completion of the transaction, TIGI will operate as a stand-alone Global Business Unit within Unilever, reporting to Michael B. Polk, president, Unilever Americas. TIGI’s major brands include Bed Head, Catwalk and...
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