01.30.23
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 company Shiseido is also allegedly weighing bids to buy a stake in Aesop.
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.
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 company Shiseido is also allegedly weighing bids to buy a stake in Aesop.
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.
