French cosmetics group L'Oreal struck a deal with Brazil's Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday.
to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53 billion, both firms said on Monday.
The brand, Natura's most profitable, operates almost 400 stores and posted sales of $537 million in 2022, up 21% in constant currency from a year earlier. "Aesop taps into all of today's ascending currents and L'Oreal will contribute to unleash its massive growth potential, notably in China and travel retail," L'Oreal CEO Nicolas Hieronimus said in a statement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
L’Oréal Signs Deal to Acquire AesopL’Oréal has signed an agreement to acquire Aesop, the Australian luxury personal care company, from Natura & Co.
Read more »
L’Oreal agrees to buy Aesop in $2.5 billion dealL’Oreal on Monday said it had signed an agreement with Natura & Co to acquire Australian premium beauty-products maker Aesop in a $2.525 billion deal....
Read more »
This Glow-Enhancing Lotion With 15,300+ 5-Star Reviews Is a Primer, Highlighter, Moisturizer, and More - E! OnlineGet a stunning glow and long-lasting hydration with this multitasking product from L'Oréal.
Read more »
Buckle Up For A Heart-Pumping 7-Minute Motorcycle Police Chase In Brazil | CarscoopsBuckle Up For A Heart-Pumping 7-Minute Motorcycle Police Chase In Brazil | Carscoops carscoops
Read more »
Brazil targets Asian e-commerce giants, local companies in tax pushBrazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it looks to raise more than 100 billion reais ($20 billion), Finance Minister Fernando Haddad said on Monday.
Read more »
9 best new Bay Area coffee and tea houses, from Danville to San Jose to OaklandFrom Danville’s Corner of Brazil to Burlingame’s K-pop inspired Cafe Siete, these are some of the most exciting coffee and tea houses to hit the Bay Area in years.
Read more »