Unilever is selling Dollar Shave Club seven years after paying $1 billion for the brand.
Unilever struggled to grow Dollar Shave Club, sources previously told.
"Dollar Shave Club did not deliver as expected, and the economics of the DTC model changed," then-CEO Jope said during an earnings call in 2022.
"Dollar Shave Club will also serve as a platform for additional brands with a similar DNA."
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Persons:
—, Fabian Garcia, Michael Dubin, Mark Levine, Schick, Dubin, Graeme Pitkethly, You've, Alan Jope, hadn't, Jope, Michael Cohen
Organizations:
Unilever, Nexus Capital Management, NEW, Service, Care, Gillette, Schmidt's Naturals, Procter & Gamble, Club
Locations:
cologne