Unilever on Monday, June 23, stated it has agreed to accumulate Dr. Squatch, increasing its portfolio of Gen Z manufacturers because it will increase its funding in influencer advertising and marketing.
The U.S. mens private care model has change into recognized for its “viral social-first advertising and marketing methods, partnerships with influencers and celebrities, and culturally-relevant collaborations,” Unilever stated in a press launch saying the deal, including that these qualities had been driving power behind the acquisition. The phrases of the deal, anticipated to shut later this 12 months, weren’t disclosed.
“Dr. Squatch has constructed a strong basis and constant following with extremely fascinating merchandise and intelligent digital engagement methods,” Fabian Garcia, president of Unilever Private Care, stated in an announcement, including that Unilever plans to develop the model internationally.
Since its launch in 2013, Dr. Squatch, which sells in-store and on-line, has constructed a popularity for daring, provocative promoting. Its most up-to-date marketing campaign bought bars of cleaning soap infused with actress Sydney Sweeney’s bathwater. And for Valentine’s Day this 12 months, the model promoted a bouquet of its soaps packaged together with Trojan condoms.
“The mission for Dr. Squatch is to encourage and educate males to be happier and more healthy,” chief govt officer Josh Friedman instructed ADWEEK final 12 months. “We fulfill that mission by creating high-performance pure merchandise with wonderful scents constructed for on a regular basis guys.”
Investing in influencers
Dr. Squatch joins a rising checklist of manufacturers acquired by Unilever not too long ago because it invests extra in social-first, influencer advertising and marketing to achieve Gen Z. In line with monetary market LendingTree, the demo spends greater than $2,000 a 12 months on magnificence merchandise, primarily throughout skincare and haircare.
In 2023, the CPG big bought haircare model K18, which not too long ago partnered with LinkedIn influencers for a product giveaway and mentorship program. In February, Unilever’s India-based subsidiary, Hindustan Unilever Restricted, acquired digital-first magnificence model Minimalist. And in April, Unilever purchased U.Ok. private care model Wild.
In March, the corporate’s new CEO Fernando Fernandez stated he plans to spend 50% of the corporate’s media finances on social channels and can improve influencer advertising and marketing funding by 20 occasions.
Campaigns like K18 and TRESemmé’s latest social-heavy spot starring Bravo actuality star Paige DeSorbo, and its Cleanipedia platform, which offers cleansing hacks and recommendation on Instagram and TikTok, are early examples of the corporate’s Gen Z push.
