Dollar Shave Club reached an agreement with Unilever for the consumer packaged goods giant to acquire the male grooming company for a reported $1 billion. Since it was founded five years ago, Dollar Shave Club has grown significantly with a current 3.2 million members and it made $152 million in sales last year. The company has also evolved from solely a razor subscription service Adding a skin care line and other grooming products as well as its own men’s lifestyle site, Mel.
