Jessica Alba’s Honest Co. in $1B Takeover Talks (Report)

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Anglo-Dutch hulk Unilever is in talks to buy a company, co-founded by Alba in 2012, significantly next a $1.7 billion valuation.

Jessica Alba’s consumer products association Honest Co. is a theme of a $1 billion takeover from European hulk Unilever according to a news on Thursday in the Wall Street Journal. 

Unilever, a association behind Axe men’s bathing products and Dove soap, is in talks to acquire Honest significantly next a $1.7 billion gratefulness that was set during a fundraising turn final year sources informed with a matter told a WSJ. Takeover talks are during an early theatre and Honest could still order out a understanding and go forward with an IPO. 

Alba co-founded Honest Co. in 2012 following a enterprise to emanate “a infallible lifestyle code that overwhelmed all in your home, that was nontoxic and affordable and available to get.”

Besides Alba, equity stakeholders in Honest embody General Catalyst Partners, Lightspeed Venture Partners, Fidelity Management Research and Wellington Management.

If Honest is sold, it has affianced to compensate some investors double their investment, according to the WSJ.

Honest sells an array of products from brightly patterned diapers to domicile cleaners to palm sanitizers all directed during immature mothers. The company, headquartered in Santa Monica, has some-more than 200 employees and sells a things online by subscriptions and in sell bondage including Nordstrom, Target and Whole Foods. Honest generates about $300 million in sales any year. 

Unilever is looking to daub serve into a marketplace for a arrange of “natural” products Honest is famous for.

In : Business

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