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Natura And Co

All articles tagged with #natura and co

business2 years ago

Natura & Co Explores Sale of The Body Shop Amid Revenue Decline

Brazilian beauty conglomerate Natura & Co is considering a potential sale of The Body Shop after the skincare and cosmetics brand experienced declining sales for several quarters. Natura & Co, which owns Avon and Natura brands, has authorized its management to explore strategic alternatives for The Body Shop, including a potential sale. The brand has faced challenges in meeting customer demands and adapting to changing consumer habits during the pandemic. To revive sales, The Body Shop has focused on boosting digital sales and revamping its product line to prioritize skincare.

via CNBC|
#business#cosmetics#natura-and-co
business2 years ago

L'Oréal's record-breaking acquisition: Aesop for $2.5 billion.

L'Oréal, the French beauty giant, is set to acquire Australian luxury skin and body care brand Aesop in a $2.5 billion deal, marking its largest acquisition of another brand on record. The sale was announced by Aesop's parent company, Natura & Co, which also owns The Body Shop and Avon. Aesop's sales have skyrocketed nearly 20 times since Natura picked up a 65% stake in the company in 2012. The deal is expected to close in Q3 2022.

via CNN|
#acquisition#aesop#beauty-industry
business2 years ago

L'Oréal Acquires Aesop in $2.5 Billion Deal.

L'Oreal has signed an agreement to acquire Australian luxury personal care company Aesop from Natura & Co. for an enterprise value of over $2.5 billion. Aesop, known for its plant-based and sustainable vegan formulas, operates approximately 400 sales points globally and will join L'Oreal Luxe division. The acquisition is expected to close in Q3 2023.

via WWD|
#aesop#beauty-industry#business