According to the New York Times, Honest Company hired Morgan Stanley and Jefferies to run a sale process, with the hopes of valuing the company at more than $1 billion.
- What type of business is Honest Company?
- Why do they say in the article that the valuation the Honest Company will be a test of its turnaround? What does that mean?
- What is the sales figure of Honest Company?
Hirsch, L. (2020). A high valuation for Honest Company will be a test of its turnaround, Sep. 28. (Retrievable online at https://www.nytimes.com/live/2020/09/28/business/stock-market-today-coronavirus)