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Consumer goods company Unilever adds Hourglass to its stable of beauty brands.| @hourglasscosmetics

Unilever acquires Hourglass Cosmetics to expand prestige beauty portfolio

Dutch-British consumer goods company, Unilever has acquired the luxury cosmetic company, Hourglass, which is headquartered in Venice, California. Terms of the deal were undisclosed, but industry experts have estimated that Unilever acquired Hourglass for between $250 million and $300 million, WWD reports.  “The color cosmetics category has been showing high growth-rates, driven by social media …

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