CNNMoney, [London] Times
Unilever is buying the personal care division of Sara Lee for €1.3 billion ($1.9 billion), delivering it brands such as Radox and Brylcreem. The Anglo-Dutch consumer goods company says the products will complement its more upmarket brands, including Dove and Rexona, Marcus Leroux writes in the
Times. It also hopes to expand the newly obtained brands in developing and emerging markets, which now comprise about 15% of its annual sales, according to CNNMoney's Julianne Pepitone. "Personal care is a strategic category and a key growth driver for Unilever," according to a statement by Unilever CEO Paul Polman. …