L?Oréal to Acquire Cult Skincare Company Aesop for US$2.5 Billion
?Aesop taps into all of today?s ascending currents, and L?Oréal will contribute to unleash its massive growth potential, notably in China and travel retail.?
The post L?Oréal to Acquire Cult Skincare Company Aesop for US$2.5 Billion appeared first on LUXUO.
L’Oréal, the luxury beauty conglomerate, has announced that it will 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 is tipped to be finalised in the third quarter of 2023 and will also be Australia’s largest luxury acquirement.
In a statement by L’Oréal CEO Nicolas Hieronimus, “Aesop is the epitome of avant-garde beauty, whose products are not only made with great care and exceptional attention to detail; they are a superb combination of urbanity, hedonism and undeniable luxury.”
“Aesop taps into all of today’s ascending currents, and L’Oréal will contribute to unleash its massive growth potential, notably in China and travel retail.”
View this post on Instagram A post shared by Aesop (@aesopskincare)
READ MORE: The Evolution of Luxury Beauty
Once the acquisition has the regulatory approvals, Aesop will join the L’Oréal Luxe division, which also houses other brands like Lancôme, Yves Saint Laurent, Helena Rubinstein, Kiehl’s and Mugler.Â
“Aesop holds a very unique positioning on the global luxu...
The post L?Oréal to Acquire Cult Skincare Company Aesop for US$2.5 Billion appeared first on LUXUO.
L’Oréal, the luxury beauty conglomerate, has announced that it will 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 is tipped to be finalised in the third quarter of 2023 and will also be Australia’s largest luxury acquirement.
In a statement by L’Oréal CEO Nicolas Hieronimus, “Aesop is the epitome of avant-garde beauty, whose products are not only made with great care and exceptional attention to detail; they are a superb combination of urbanity, hedonism and undeniable luxury.”
“Aesop taps into all of today’s ascending currents, and L’Oréal will contribute to unleash its massive growth potential, notably in China and travel retail.”
View this post on Instagram A post shared by Aesop (@aesopskincare)
READ MORE: The Evolution of Luxury Beauty
Once the acquisition has the regulatory approvals, Aesop will join the L’Oréal Luxe division, which also houses other brands like Lancôme, Yves Saint Laurent, Helena Rubinstein, Kiehl’s and Mugler.Â
“Aesop holds a very unique positioning on the global luxu...
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