Consumer goods company Unilever has reportedly made an offer to buy US skin care brand Drunk Elephant, according to The Sunday Telegraph.
In January, it was reported by The Wall Street Journal that the brand was potentially up for sale, after revealing that its founder, Tiffany Masterson, was working with investment firm Financo and Moelis & Co to organise a take over.
The UK broadsheet reported that the firm made a US$1bn offer - which the indie skin care brand was expected to be valued at - but has not disclosed its source.
The ‘clean skin care’ brand has become a global favourite since its launch in 2012 and is currently available in the US, Australia, Canada, Ireland, New Zealand, Singapore and the UK.
It specialises in products without the use of essential oils, drying alcohol, fragrance, silicones or chemical screens.
In recent weeks, the brand has made a flurry of launches including a new cleanser and two new SPF products.