Ohana & Co. acted as exclusive financial advisor to Hourglass on its sale to Unilever PLC
Unilever has acquired luxury color cosmetics brand Hourglass, the group’s first move into makeup. Hourglass will join Unilever’s prestige beauty portfolio, which also includes Murad, Ren, Dermalogica, Kate Somerville and Living Proof. Ohana & Co. acted as exclusive financial advisor to Hourglass in this transaction.
Founded in 2004 by beauty industry veteran Carisa Janes, Hourglass is known for innovation, luxe packaging and exceptional product experience. The brand is acclaimed for its breakthrough formulations and technological innovation, including the use of active ingredients in complexion products. Hourglass’s distinctive offering has secured the brand a loyal following amongst consumers who look for high performance beauty products.
Alan Jope, President Personal Care, Unilever, said, “We are delighted to be adding Hourglass to our portfolio of Prestige brands. The color cosmetics category has been showing high growth-rates, driven by social media content, channel diversity and democratization of professional makeup techniques, and it therefore presents a significant opportunity. Hourglass is already a successful brand in this space, offering fantastic make-up products that also deliver skin care benefits, and we look forward to continuing to grow this wonderful brand.”
Carisa Janes, CEO Hourglass, added, “As the first color brand in Unilever’s Prestige portfolio, we are excited about this partnership as Hourglass continues to challenge the status quo with high performance luxury cosmetics. Unilever’s commitment to innovation and social responsibility is aspirational, and perfectly aligned with our vision for the future of Hourglass.”
“We are grateful to the Ohana & Co. team for the job they have done in assisting us through this entire process and helping us to achieve a great deal with a wonderful partner!”, says Carisa Janes, founder of Hourglass.