The Honest Company, an eco-friendly consumer-goods firm co-founded by actress Jessica Alba, is receiving a $200 million minority investment from private-equity firm L Catterton.
The investment, announced Wednesday, would help Honest expand its business globally, increase its product supply and fund innovation, the company said.
L Catterton and Honest declined to disclose the size of the stake the private-equity firm would receive. The private-equity firm, formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, invests in consumer-focused companies globally. Notable investments include French home-luxury brand Baccarat, fitness-center operator Equinox and medicines maker Zarbee’s.
Honest raised $297 million from its six prior funding rounds, according to data...Read More