Natura &Co sells Aesop to L'Oréal
SÃO PAULO, April 3, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has reached an agreement under which L'Oréal will acquire Aesop, opening a new chapter of the luxury beauty brand's growth story after 10 successful years under Natura &Co's stewardship.
- Under the transaction, L'Oréal has signed an agreement to acquire Aesop for an enterprise value of US$ 2.525 bn.
- Since becoming part of Natura &Co in 2012, Aesop has posted spectacular growth.
- The number of stores and counters increased from 52 to 395 as Aesop expanded its geographic footprint from 8 markets to 29.
- Michael O'Keefe, CEO of Aesop, added: "This is an exciting day for Aesop.