Company News, Financial News

LVMH and L’Oréal Enter Bidding War for Stake in Aesop

Aesop is owned by Natura &Co, which is exploring the sale of a stake in the business.

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By: Lianna Albrizio

Associate Editor

In December, sources claimed that Brazilian personal care cosmetics group Natura & Co was working with the Bank of America Corp and Morgan Stanley in order to sell a minority stake in its Aesop Brand.   At the time, the process was still in initial stages of consultation and no decision had yet been made.   Now, according to Bloomberg, Aesop is said to be at the center of a $2 billion bidding war between global beauty companies LVMH and L’Oréal.   Japanese cosmetics ...

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