April 4th, Brazilian beauty giant Natura &Co (Natura) and French beauty giant L’Oréal Group (L’Oréal) announced that they had reached an agreement for the latter to acquire Australian skincare brand Aesop for a total enterprise value of $2.525 billion. The transaction is expected to be completed in the third quarter of 2023.
Since October 2022, there have been persistent rumors of Aesop’s potential sale, with potential buyers including LVMH, L’Oréal, Shiseido, European private equity firm Permira, and Chinese investment firm Chunhua Capital, among others.
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