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

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Money Rehab with Nicole Lapin 56 min 3 speakers transcribed
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Nicole Lapin 0:00
Today's episode includes descriptions of sexual assault. Please take care while listening. For a lot of founders, selling your company is the ultimate dream. But for Gwen Whiting, that dream was actually a bit of a nightmare. Gwen's the entrepreneur behind The Laundress, the cult favorite brand that turned laundry into a luxury business without a single dollar of outside funding. Gwen sold The Laundress to Unilever for a reported $100 million. But after she left, the recalls started. We talk about how she built it, what really happened during the Unilever acquisition, and the fallout that followed. In the show notes, I'll also link the articles that Unilever responded to so you can see their side of the story.
Nicole Lapin 0:40
Gwen also shares what she wishes she knew before she signed on the dotted line and why she's back now in the game with her new venture, The Fill. We also talk about how Gwen manages professional challenges while dealing with personal ones. At the end of our conversation, Gwen shares her experience as one of the 567 known survivors of a now disgraced Columbia OBGYN. It is a brave and important conversation about personal trauma, public accountability, and reclaiming your voice. The interview right after this. I am so excited you head up to Big Sur with my husband this fall. We are celebrating our anniversary. And while I will miss the little mush so much, we are also really excited to have a little parents time.
Nicole Lapin 1:24
We deserve that. But you know, it got me thinking about this feeling when you walk out of the door for a trip and you wonder, what your blaze is doing while you're gone. Well, it turns out it could be working for you. I've been hosting on Airbnb for forever now, and I tell all of my friends to do the same because it's an amazing way to make passive income from an asset you already have, your home. But some of my friends who are super busy worry that hosting on Airbnb would feel like having a second job. And that's when I tell them about Airbnb's co-host network. Anything you don't have the bandwidth to do, a co-host can handle for you. They can create your listing, manage reservations, manage guests, provide onsite support, even handle design and styling.
Nicole Lapin 2:04
So whether you're traveling for work or you're escaping the winter, or if you have a second place that just sits empty way too often, your home doesn't have to sit on the sidelines. Instead, you can earn a little extra cash without adding another job to your plate. Find a co-host at airbnb.com slash host. One of the smartest financial moves you can make is working with a certified financial planner instead of trying to wing it solo. Domain money CFP professionals don't just hand out generic financial advice. They help people get on track for early retirement. fix messy investment allocations, and figure out the perfect timing for major purchases like buying a house or gosh, I don't know, growing a family, asking for a friend.
Nicole Lapin 2:42
Yes, I am that friend. In fact, my husband and I actually just talked to Adriana Adams, head of financial planning at Domain on the podcast, and she had this advice around what to do to set our daughter up for financial success.
Adriana Adams 2:54
So there's three things that I would prioritize. The first one is saving for your own future, because the best gift you can give her is to not be a burden later in life. And the second thing is life insurance, which I know sounds morbid and is not fun. I'm a huge fan of cheap term life insurance. Really, we just want to replace your income in case something happens to you guys so that she is taken care of. And the third thing is estate planning. And believe it or not, everybody has an estate plan. It just depends on if you created it or the government created it for you.
Nicole Lapin 3:29
So as you can probably tell from that, Domain gives you something most people never have, a step-by-step financial plan that actually makes sense and does not make your brain hurt. So get started today and book your free strategy session at domainmoney.com slash moneyrehab. I am not a real client of Domain Money.

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