Unilever Just Bought Tatcha for an Estimated $500 Million

Curated via Twitter from Allure’s twitter account….

Those fans are in very business-savvy company because it turns out the folks at Unilever have had their eyes on the brand, too — and this week, the multinational company, which already owns hundreds of brands in a variety of categories, agreed to buy the California-based, Japan-developed company. “Thanks to Vicky’s passion and expertise, iconic products like The Water Cream and The Silk Canvas have become the cornerstone of long-term consumer loyalty,” Vasiliki Petrou, Unilever executive vice president and CEO of the Prestige Group, said in a statement referring to Vicky Tsai, who founded Tatcha 10 years ago. “We are really looking forward to working with this amazing team and to continuing to grow the brand globally.

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