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| + | The Honest Company, Jessica Alba’s billion-dollar organic baby-products company, may soon have a buyer. The Wall Street Journal reports that Unilever is discussing an acquisition that would value Alba’s company at more than $1 billion, but less than the $1.7 billion valuation it received during its most recent round of funding. Along with C.E.O. Brian Lee, President Sean Kane,cheap jordan shoes, and Chief Product Officer Christopher Gavigan,cheap jordans for sale, Alba founded the company in 2011 out of concern for the products she’d be using on her then-unborn daughter. Now, the company is reportedly generating $300 million in annual revenue, and has expanded its product line to include toxin-free beauty products, baby-care items, and household cleaning products. <br><br>The talks are reportedly still in their early stages,cheap air jordans, and the Honest Company, which has raised $222 million from investors, could still decide to pursue another exit strategy, including an initial public offering. The company has promised some investors that their money will double if a sale goes through, the Journal reports. Alba, who reportedly owns between 15 and 20 percent of the company, could become one of the richest women in Silicon Valley.<br><br>Acquiring the Honest Company would be a way for Unilever―which makes Axe body spray and Dove soap―to appeal to customers concerned about the ingredients in their household products. But Honest is not without its critics; last year, the company came under fire when some consumers claimed its sunscreen didn’t work, leading to a class-action lawsuit; its liquid detergent,cheap jordans free shipping, too,jordans for cheap, has faced criticism for allegedly containing a chemical compound the company had said it would “never consider for use in anything. Period.” (The Honest Company responded that sodium coco sulfate, which it uses, is safe, and that its sunscreen was found to be safe and effective after testing by a third party.)<br><br>Such a sale would be Unilever’s second major acquisition of a direct-to-consumer e-commerce start-up in 2016. In July, Unilever purchased the direct-to-consumer razor start-up Dollar Shave Club in a $1 billion, all-cash deal. (Like Dollar Shave Club, the Honest Company makes the majority of its online sales through monthly subscription fees.)<ul> | ||
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