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THE WHAT? Unilever has offered its majority stake in Intuiskin to Ieva Group for an undisclosed sum, in accordance with a report printed by WWD.
THE DETAILS Unilever will retain a minority stake within the mother or father firm of Ioma, Ioma Hair and Made With Care. Ieva Group has additionally introduced that it has accomplished a €9 million funding spherical led by Credit score Mutuel Innovation.
THE WHY? Ieva Group Founder Jean Michel Karam arrange Intuiskin in 2010 earlier than promoting a stake to Unilever the next yr. Unilever went on to take full management eight years in the past. Karam mentioned in an announcement, per WWD, that the acquisition ‘is a serious step within the develooment of Ieva Group’.
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