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07-20-2016, 07:01 PM
Dollar Shave Club acquired for $1 billion
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How do you get to a billion dollars? One buck at a time.
European consumer goods company Unilever has acquired Dollar Shave Club, the men's grooming start-up founded in 2012, the companies an**unced (http://www.businesswire.com/news/home/20160719006720/en/Unilever-Acquires-Dollar-Shave-Club) on Wednesday morning.
The deal reportedly valued Dollar Shave Club (DSC) at $1 billion in an all-cash agreement, according to the New York Times (http://www.nytimes.com/2016/07/20/business/dealbook/unilever-dollar-shave-club.html?_r=0). (The companies did **t disclose the terms of the agreement in their an**uncement.)*
DSC burst into the Internet's consciousness with the help of a viral video. The company parlayed that success into a direct-to-consumer subscription business that took in $152 million in 2015. Read more... (http://mashable.com/2016/07/20/-dollar-shave-club-one-billion-acquisition/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Dollar Shave Club (http://mashable.com/category/dollar-shave-club/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Acquisitions (http://mashable.com/category/acquisitions/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Unilever (http://mashable.com/category/unilever/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/CKRb7Ohnc_I
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How do you get to a billion dollars? One buck at a time.
European consumer goods company Unilever has acquired Dollar Shave Club, the men's grooming start-up founded in 2012, the companies an**unced (http://www.businesswire.com/news/home/20160719006720/en/Unilever-Acquires-Dollar-Shave-Club) on Wednesday morning.
The deal reportedly valued Dollar Shave Club (DSC) at $1 billion in an all-cash agreement, according to the New York Times (http://www.nytimes.com/2016/07/20/business/dealbook/unilever-dollar-shave-club.html?_r=0). (The companies did **t disclose the terms of the agreement in their an**uncement.)*
DSC burst into the Internet's consciousness with the help of a viral video. The company parlayed that success into a direct-to-consumer subscription business that took in $152 million in 2015. Read more... (http://mashable.com/2016/07/20/-dollar-shave-club-one-billion-acquisition/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Dollar Shave Club (http://mashable.com/category/dollar-shave-club/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Acquisitions (http://mashable.com/category/acquisitions/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Unilever (http://mashable.com/category/unilever/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/CKRb7Ohnc_I