Jessica Alba's Honest Company Could Sell for a Billion Dollars Soon
The actress and co-founder is reportedly working out a deal with Unilever
For those out there for whom the name Jessica Alba is still synonymous with Dark Angel and Sue Storm, allow us to bring you up to speed. In 2016, not only is Alba an actress, but in her free time she also happens to be the co-founder of the Honest Company, a major producer of environmentally-friendly cleaning, baby, and beauty products that also happens to be worth an estimated $1.7 billion. And now the organic CEO is said to be in talks to sell Honest to Unilever for a very pretty penny.
According to the Wall Street Journal, Alba’s company is currently in talks with Unilever, the conglomerate behind huge brands like Axe body spray and Dove soap, to work out a sale. Founded in 2011, Honest Company quickly garnered major investments from hedge funds, generating roughly $300 million in sales per year. The business offers everything from disposable baby diapers to contour kits (and, recently, hair products), selling to consumers via their website, subscription services, and stores like Target and Whole Foods.
The company’s rapid success garnered the attention of Unilever who are looking to take their first steps into the green, all-natural market. (Though Honest’s green bona fides have been called into question over the past year.) However, the WSJ reports that they are offering to purchase Honest for well bellow its $1.7 billion market valuation from the last fundraising round, which means that the deal could still be turned down and the chemical-free product purveyor could go ahead with forming their own IPO. Sounds like Alba is going to have some tough decisions ahead of her, but we’re sure it’s nothing the woman who played Domino in the “Bad Blood” video can’t handle.
What do you think of Alba’s potential company sale? Sound off below!