Unilever considers $1b bid for skincare brand

New York: Consumer goods giant Unilever is considering a $1 billion (Dh3.67 billion) offer for US skincare 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 skincare products with natural, non-toxic 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.