US' Kimberly-Clark completes acquisition of major stake in Thinx

Thinx continues to be a leader in the reusable period and incontinence underwear category. With the continued advancement of hybrid environments, more consumers are staying and working from home, and they are demonstrating increased awareness and consideration for the category. Market trends also confirm consumers are seeking these additional solutions for their period and bladder leak needs. Terms of the transaction are not being disclosed, Kimberly-Clark said in a press release.

“Our investment in the success of Thinx represents a compelling strategic fit as we build our portfolio of period and light bladder leakage solutions, and we are excited for the opportunity this expanded partnership will provide to both Kimberly-Clark and Thinx. The investment in Thinx paves the road for collaboration and allows us to work together to drive category growth with our retail partners while continuing to support Thinx in direct-to-consumer channels,” Russ Torres, group president of Kimberly-Clark’s North American consumer business, said in a statement.

“Kimberly-Clark invented the ‘femcare’ category 100 years ago and Thinx invented the ‘femtech’ category nine years ago. It's fitting that we will be working more closely with a like-minded organisation to realise our mission and vision, and to enable Thinx underwear to more quickly become a mainstream product for period and bladder leak needs. I’m so proud of the work this team has done to get to this point and thrilled that Kimberly-Clark is dedicated to not only helping us retain our entrepreneurial character, but also giving us the opportunity to tap into their expertise to accelerate our growth and ability to innovate,” Maria Molland, CEO of Thinx, said.

“We have tremendous respect for Thinx and its accomplishments in period and light bladder leakage reusable underwear. The Thinx value proposition is particularly meaningful because it's rooted in purpose and consumer need. We're excited to partner with Thinx to bring these breakthrough products to more people and accelerate growth in this category,” Alison Lewis, chief growth officer for Kimberly-Clark, said.

Fibre2Fashion News Desk (GK)