Jessica Alba’s eco-friendly retailer, The Honest Company, may soon be taken over by consumer goods giant Unilever, according to a new report.
Unilever, the company behind popular brands like Dove and Lipton, is in talks to acquire the Honest Company in a deal valued at more than $1 billion, the Wall Street Journal reported Thursday, citing anonymous sources.
Alba co-founded Honest in 2011. The company’s mission is to sell sustainable, natural baby, beauty and household products. Since then, Honest has faced several lawsuits, including one that alleges the company’s labels are deceptive and another that says its sunscreen isn’t effective.
The acquisition would be Unilever’s latest big purchase since agreeing to buy Dollar Shave Club last month for $1 billion.
Honest and Unilever did not immediately respond to requests for comment Friday.
[WSJ]
More Must-Reads From TIME
- Jane Fonda Champions Climate Action for Every Generation
- Biden’s Campaign Is In Trouble. Will the Turnaround Plan Work?
- Why We're Spending So Much Money Now
- The Financial Influencers Women Actually Want to Listen To
- Breaker Sunny Choi Is Heading to Paris
- Why TV Can’t Stop Making Silly Shows About Lady Journalists
- The Case for Wearing Shoes in the House
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Contact us at letters@time.com