@Unilever  ($UN) plans to acquire  @RENskincare for an undisclosed amount to ramp up their presence in the prestige beauty market. Unilever is interested in Ren for its loyal following with a “unique proposition that gives it potential for even further growth.” Ren had global sales of $110MM+ in 50 countries and competes in the natural skin care category - one of the fastest growing globally. This move comes as there is speculation that rival @ProcterGamble will scale back in this area as well as exit all or more of its salon haircare, prestige fragrances, and beauty businesses. P&G is divesting, discontinuing, or merging 100 brands globally that represent 14% of its sales to focus on mass channels. -  Link