Deals
Unilever Considers $1 Billion Bid for Skincare Brand
Drunk Elephant's Slaai Makeup-Melting Butter Cleanser launch in New York.
Photographer: Dimitrios Kambouris/Getty Images North AmericaThis article is for subscribers only.
Consumer goods giant Unilever is considering a $1 billion offer for U.S. 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 skin-care 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 Sunday Telegraph.