2023: The Year of High-Value Deals, Mergers & Acquisitions
2023 seems to be but the precipice of business investments as the world prepares for a global shift in luxury for 2024
The post 2023: The Year of High-Value Deals, Mergers & Acquisitions appeared first on LUXUO.
From the Richemont Group’s rejection of an LVMH acquisition to Kering acquiring perfume house Creed and Rolex acquiring Bucherer, 2023 is the year of powerful mergers and acquisitions in the world of luxury.
L?Oréal’s Acquisition of Aesop for US$2.5 Billion
April saw Australia?s largest luxury acquirement. L?Oréal announced it was making plans to acquire Aesop, the Melbourne-based luxury skincare company, from Natura & Co. for a proposed transactional value of more than US$2.5 billion. The deal was finalised in 30 August 2023 with Chief Executive Officer of L?Oréal Groupe, Nicolas Hieronimus commenting “On behalf of L?Oréal, I am very excited to welcome Aesop to the L?Oréal Groupe family.”
Richemont Rejects LVMH Acquisition
Since the start of the year, there have been rumours about a potential acquisition by the world?s largest luxury group LVMH of its fellow rival Richemont Group. The ?whispers? were first reported by the Swiss newspaper Finanz und Wartscaft in February this year and has since gathered momentum. After LVMH?s successful turnover at Tiffany & Co., those in the luxury M&A space are speculating what the group?s next moves would be and many pointed towards Richemont?s crown jewel:Â Cartier. H...
The post 2023: The Year of High-Value Deals, Mergers & Acquisitions appeared first on LUXUO.
From the Richemont Group’s rejection of an LVMH acquisition to Kering acquiring perfume house Creed and Rolex acquiring Bucherer, 2023 is the year of powerful mergers and acquisitions in the world of luxury.
L?Oréal’s Acquisition of Aesop for US$2.5 Billion
April saw Australia?s largest luxury acquirement. L?Oréal announced it was making plans to acquire Aesop, the Melbourne-based luxury skincare company, from Natura & Co. for a proposed transactional value of more than US$2.5 billion. The deal was finalised in 30 August 2023 with Chief Executive Officer of L?Oréal Groupe, Nicolas Hieronimus commenting “On behalf of L?Oréal, I am very excited to welcome Aesop to the L?Oréal Groupe family.”
Richemont Rejects LVMH Acquisition
Since the start of the year, there have been rumours about a potential acquisition by the world?s largest luxury group LVMH of its fellow rival Richemont Group. The ?whispers? were first reported by the Swiss newspaper Finanz und Wartscaft in February this year and has since gathered momentum. After LVMH?s successful turnover at Tiffany & Co., those in the luxury M&A space are speculating what the group?s next moves would be and many pointed towards Richemont?s crown jewel:Â Cartier. H...
| -------------------------------- |
|
|
