Thrive Causemetics Working With Goldman on Sale or IPO

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.