16th Sep 2016 06:59
LONDON (Alliance News) - Consumer goods giant Unilever PLC is in talks to buy Honest Co, the consumer-products retailer co-founded by actress Jessica Alba, according to reports citing people familiar with the matter.
The reports noted that Unilever is discussing a deal valued at over USD1 billion but significantly less than the USD1.7 billion valuation that was placed on Honest Co in a fundraising round last year.
The talks are at an early stage, and Honest hasn't ruled out going for an initial public offering instead, the reports.
Copyright RTT News/dpa-AFX
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