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Gwen Whiting

๐Ÿ‘ค Speaker
487 total appearances

Appearances Over Time

Podcast Appearances

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

You know, the Unilever family and like drinking the Kool-Aid.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And I always believed that my brand acquire or ideal like date for the prom was seventh generation.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

I thought we shared, we shared a value system.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And I was just the prestige version in a shared ecological product value system.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

So then when Seventh Generation was acquired by Unilever about three years before us, I was like, OK, like they care.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And so that started the discussion.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

But the negotiation went on for like 13 months.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

It was quite disastrous.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

Their first offer was like a joke.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And the response was like, this is a joke, correct?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

You know, like we are a incredibly profitable business and there was no value in our valuation to them of being profitable, right?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And I was like, you just paid this like stupid ketchup company who's not even profitable like this amount.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

Like, are you kidding me?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

Like we're a perfect, pristine, clean, profitable business.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

Like where's the value in that?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And they're like, oh, we had to pay that investor guy and like the Belgians and like they were jerks.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

And I was like, oh, I'm sorry, because we don't have a pool of investors.

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

So you think you can like get off cheap over here?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

Did you think about saying no?

Money Rehab with Nicole Lapin
A Multimillion Dollar Deal, a Product Recall and a New Chapter: Gwen Whiting on the Good, the Bad and the Ugly of Acquisitions

I did say no.