Unilever is to acquire Tatcha, a San Francisco, CA-based prestige skincare brand.
The amount of the deal – expected to close in Q3 2019 – was not disclosed.
With the acquisition, Unilever will work with Tatcha’s team to continue to grow the brand globally.
Founded in 2009 by Victoria Tsai, Tatcha is a modern skincare brand rooted in classical Kyoto rituals introducing Japanese skincare to other parts of the world.
The company, which also operates an innovation centre in Japan known as the Tatcha Institute, works with scientists in Japan and the US to create each formula from a foundation of green tea, rice and algae known as Hadasei-3™, a trinity of anti-aging superfoods born from the Japanese diet. Products include the Luminous Dewy Skin Mist, The Silk Canvas primer, The Water Cream moisturizer, and The Deep Cleanse Exfoliating Cleanser.
The brand is distributed through retailers predominantly in the US.