The acquisition of Aesop is part of L’Oreal’s strategy to expand its portfolio of luxury brands. The French company already owns Lancome, Kiehl’s and Yves Saint Laurent.
rnrnThe deal is expected to close in the second half of 2021, subject to the satisfaction of customary closing conditions.
rnrnNatura & Co, the world’s fourth-largest cosmetics company, was created in 2017 when Natura Cosmeticos SA acquired Avon Products Inc. The Brazilian company also owns The Body Shop and Aesop.
rnrnThe acquisition of Aesop is part of L’Oreal’s strategy to expand its portfolio of luxury brands. The French company already owns Lancome, Kiehl’s and Yves Saint Laurent. The deal is expected to close in the second half of 2021, subject to the satisfaction of customary closing conditions.