image of this article category

L'Oreal to Buy Skincare Brand Aesop in $2.5 Billion Deal

13.04.2023 08:50 AM
L'Oreal to Buy Skincare Brand Aesop in $2.5 Billion Deal
dooklik website logo
share this article on facebook
share this article on twitter
share this article on whatsapp
share this article on facebook messenger
L'Oreal to Buy Skincare Brand Aesop in $2.5 Billion Deal
According to an official statement, L'Oréal has signed an agreement with Natura & Co to acquire the Australian luxury cosmetics brand, Aesop, valued at $2.525 billion.

And the statement stated that “Aesop” achieved sales of $ 537 million in the year 2022, while the brand is still owned to this day by the Brazilian “Natura & Co” group, i.e. “The Body Shop”, “Avan”.
"L'Oréal Luxe's president, Cyril Chapuyt, confirmed that Aesop's accession to the luxury brands in the beauty division will contribute significantly to the growth of L'Oreal Luxe in the coming years," the statement quoted L'Oréal Luxe President Cyril Chapuys as saying.
In 2022, L'Oreal Luxe ranked first for the second year in a row among the various divisions of the group, with sales of 14.6 billion euros.
Founded in 1987, Aesop is famous for its skin, hair and body care products, and has become a global brand available in high-end stores, beauty centers and luxury hotels around the world.
Related Articles
doolik website logo
Warner Bros. Pictures, a unit of Warner Bros. Discovery Co, said on Sunday that worldwide revenues for the "Barbie" movie have surpassed $1 billion since its July 21 debut.

Live Video Streaming
Live video streaming lets you engage with your audience in real time with a video feed. Broadcast your daily show to your audience with no limits, no buffering and high quality videos. Reach all devices anytime anywhere with different video qualities that suits any device and any connection.
The website uses cookies to improve your experience. We’ll assume you’re ok with this, but you can opt-out if you wish.