THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Natura to sell Aesop to L’Oreal

Natura & Co is to sell its Aesop luxury skincare brand to L’Oréal in a $2.5 billion deal. The acquisition is  expected to complete in the… View Article

HEALTH AND BEAUTY NEWS

Natura to sell Aesop to L’Oreal

Natura & Co is to sell its Aesop luxury skincare brand to L’Oréal in a $2.5 billion deal.

The acquisition is  expected to complete in the third quarter of 2023.

Aesop has been owned by Natura for the last ten years during which time its gross sales have increased from $28 million to $537 million. The brand has also expanded its geographic footprint from eight markets to 29 and has recently opened its first physical stores in mainland China.

Natura said the sale will free up resources for its strategic priorities.

Fabio Barbosa, chief executive of Natura & Co, explained: “The divestment of Aesop marks a new development cycle for Natura &Co. With a strengthened financial structure and a deleveraged balance sheet, Natura &Co, exercising strict financial discipline, will be able to sharpen its focus on its strategic priorities, notably our investment plan in Latin America.

“We will also be able to concentrate on continuing to improve The Body Shop’s business and refocusing Avon International’s footprint.”

Nicolas Hieronimus, chief executive of L’Oréal Groupe, added:  “I am very excited to welcome Aesop and its teams to the L’Oréal Groupe family. 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.”

Subscribe For Retail News