Jessica Alba’s Honest Company, which sells personal and baby care items, filed to go public. Honest Co. revealed in the IPO filing that it increased revenue 28% in 2020 to $300 million, while its operating loss fell by more than half to $13.5 million. About half of Honest’s revenue comes from sales done through Target, Amazon and Costco, between them, the filing showed. The company also...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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