12.01.22
Brazilian personal care cosmetics group Natura &Co is working with the Bank of America Corp and Morgan Stanley in order to sell a minority stake in its Aesop Brand, according to a report by Bloomberg.
The Brazilian brand owner was initially exploring an initial public offering (IPO) for Aesop, but the current volatility of the market caused the company to reassess its focus. The process is still in initial stages of consultation and no decision has yet been made.
CVC Capital Partners, as well beauty competitors L’Occitane and Shiseido, are rumored to have expressed an interest in the deal.
This news comes months after Natura &Co announced a Group reorganization in line with its strategic direction to increase the accountability of the individual Business Units and brands—Natura, Avon, The Body Shop, and Aesop. One of the goals of the reorganization is to transition into a simpler holding company structure.
The Brazilian brand owner was initially exploring an initial public offering (IPO) for Aesop, but the current volatility of the market caused the company to reassess its focus. The process is still in initial stages of consultation and no decision has yet been made.
CVC Capital Partners, as well beauty competitors L’Occitane and Shiseido, are rumored to have expressed an interest in the deal.
This news comes months after Natura &Co announced a Group reorganization in line with its strategic direction to increase the accountability of the individual Business Units and brands—Natura, Avon, The Body Shop, and Aesop. One of the goals of the reorganization is to transition into a simpler holding company structure.
