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.
The Honest 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. The company was founded by Alba and her business partners five years ago.