Company History
The brand was developed in 1960 by the Albion Group. In the late 1980s the business was acquired by Smith and Nephew. In June 2000, Smith and Nephew divested its consumer products division; a management buyout, led by CEO Geoff Percy and Finance Director Peter Hatherly, for £140m resulted in the formation of Accantia, owner of the Simple brand.
In January 2004, a secondary buyout was completed. Following an unsolicited approach, the board of Accantia sold the company to Duke Street Capital for £225m. Accantia's existing senior management team remained in place.
In April 2009 Accantia, changed its name to Simple Health & Beauty Group Limited. Simple Health & Beauty Group Limited was bought by the US company Alberto-Culver for £240 million in December 2009. Alberto-Culver was bought by the Anglo–Dutch multinational consumer goods company Unilever in September 2010, and Simple was formally taken over around six months later.
Simple Health & Beauty Group Limited is based in West Midlands, UK, and has distributorships in the Republic of Ireland, Denmark, Norway, Australia, New Zealand, South East Asia and The People’s Republic of China.
Read more about this topic: Simple Skincare
Famous quotes containing the words company and/or history:
“We have nothing to fear and a great deal to learn from trees, that vigorous and pacific tribe which without stint produces strengthening essences for us, soothing balms, and in whose gracious company we spend so many cool, silent and intimate hours.”
—Marcel Proust (1871–1922)
“The history of reform is always identical; it is the comparison of the idea with the fact. Our modes of living are not agreeable to our imagination. We suspect they are unworthy. We arraign our daily employments.”
—Ralph Waldo Emerson (1803–1882)