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
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