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(Bloomberg) — Vegan beauty startup Thrive Causemetics is working with an adviser to explore options including a sale or public listing, according to people familiar with the matter, as cosmetic companies attract investment from major brands.

The Los Angeles-based is working with Goldman Sachs Group Inc. and could be valued at several hundred millions of dollars in a potential transaction, said the people, who asked not to be identified as the information isn’t public.

The company, founded by entrepreneur Karissa Bodnar in 2015, is set to generate about $150 million in revenue this year with $20 million of annual earnings before interest, taxes, depreciation and amortization, they said. Discussions are at an early stage and may not result in any deal.

Representatives for Thrive and Goldman Sachs declined to comment.

As stay-at-home orders have kept customers away from salons and stores, e-commerce sales of beauty products have at companies such

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Each and every day, we here at Reviewed track down the very best deals Amazon has to offer. Today, you’re in for an extra special treat, however, as the online mega retailer’s first-ever Big Style Sale of Summer has arrived.

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What is The Big Style Sale?

A Prime Day of sorts for fashion lovers, this massive savings event will not only offer deep discounts on pieces from the company’s own in-house labels, but impressive price cuts on a slew of top-rated brands, including Cole Haan, Columbia, J. Crew Mercantile, Kate Spade, Tommy Hilfiger, Vera Bradley, Reebok, Ray-Ban and