Company News, Financial News

Natura & Co. Completes Sale of Aesop to L’Oréal in $2.58 Billion Deal

'With L’Oréal’s support and unparalleled expertise, we will continue to grow and innovate,' says Aesop CEO Michael O’Keeffe.

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By: Lianna Albrizio

Associate Editor

L'Oréal has completed the acquisition of Aesop, the company announced yesterday—for $2.58 billion from Natura & Co.    Natura & Co. announced it was selling a minority stake Aesop last April, which turned into a bidding war with LVMH.   Nicolas Hieronimus, chief executive officer, L’Oréal Groupe, comments, “On behalf of L’Oréal, I am very excited to welcome Aesop to the L’Oréal Groupe family. The Aesop brand, with its unique combination of urbanity, hedonism and un...

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