Unilever considers $1 billion bid for skincare brand
2019-May-13 | By News Admin

Unilever has been expanding into new areas as its traditional brands stagnate. 

LONDON: Consumer goods giant UnileverNSE 1.26 % is considering a $1 billion offer for US skin-care brand Drunk Elephant, the Sunday Telegraph reported, without saying where it got the information. 

Drunk Elephant, founded in 2012 by Texan mother-of-four Tiffany Masterson and which makes skincare products with natural, nontoxic ingredients, hired investment banks in January to explore a sale, according to the Wall Street Journal. Unilever declined to comment on the potential offer to the .. 

Sources : economictimes.indiatimes