LVMH, L’Oreal, Shiseido Bid for Aesop, Valued at About $2 Billion

2月 01, 2023

Bloomberg quoted insider news that revealed that French luxury goods giant LVMH, French beauty giant L’Oréal, and Japanese beauty giant Shiseido have all made a bid for Australian skincare brand Aesop. The bidding war is rumored to value Aesop at around $2 billion. The people, who wish to remain anonymous, also said that negotiations are ongoing and there’s no certainty that any deal would be reached.

Aesop was founded in 1987 by hairdresser Dennis Paphitis in Australia, Melbourne. The brand got its start when Paphitis started mixing essential oils into hair care products …