On October 31, Cholorox announced that it will pay $925 million to buy Burt's Bees.
Here's a link to a story about the deal:
http://www.forbes.com/markets/2007/10/31/clorox-burts-bees-markets-equity-cx_af_1031markets15.html
It seems like many of the big health and beauty companies finally realize that this whole natural products thing isn't a passing fad and want to cash in/avoid missing the boat.
While business is business and Burt made one of the most craptastic shaving soaps out there, part of me is sad to see these types of companies get bought out.
It will be interesting to see how the company is run going forward - I'll bet you see better product placement/distribution, but I wonder how this is going to impact future product development, etc...
Just thought the fans of Burt's products might want to know.
Here's a link to a story about the deal:
http://www.forbes.com/markets/2007/10/31/clorox-burts-bees-markets-equity-cx_af_1031markets15.html
It seems like many of the big health and beauty companies finally realize that this whole natural products thing isn't a passing fad and want to cash in/avoid missing the boat.
While business is business and Burt made one of the most craptastic shaving soaps out there, part of me is sad to see these types of companies get bought out.
It will be interesting to see how the company is run going forward - I'll bet you see better product placement/distribution, but I wonder how this is going to impact future product development, etc...
Just thought the fans of Burt's products might want to know.