Drunk Elephant eyed for USD 1bn takeover by Unilever - report
12 MAY 2019
Unilever [LON:ULVR, NYSE:UN], the Anglo-Dutch consumer goods group, is weighing a potential takeover bid for Houston, Texas-based beauty-products company Drunk Elephant, The Sunday Telegraph reported. The unsourced report said the offer under consideration is worth approximately USD 1bn.
Drunk Elephant founder Tiffany Masterson engaged Financo and Moelis to advise on a sale of the business in January, the report said.
Drunk Elephant made about USD 150m sales last year, the item reported.