Risking New Backlash, Dove Acquires SheaMoisture
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Two marketers that faced racially charged social-media smackdowns this year over their ads are joining forces: Unilever, marketer of Dove, announced Monday that it’s agreed to acquire Sundial Brands, marketer of SheaMoisture.
Dove faced a wave of social-media criticism last month over a Facebook video for its body wash that appeared to show a black woman turning into a white woman. Sundial faced a similar backlash over ads in April that showed SheaMoisture hair-care products being used by white women, which was seen by many on social media as moving the brand away from its core African-American consumers.
The companies didn’t address those controversies in announcing the deal, but did reveal steps that could help thwart more backlash. This includes a $50 million New Voices Fund to back women-of-color entrepreneurs, with a goal of attracting an additional $50 milliion from outside investors.
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