Natura completes sale of Aesop
Natura & Co has completed the sale of Aesop skincare brand to L’Oréal for a final enterprise value of S$2.58 billion.
The company said the move will strengthen its balance sheet and enable it to focus on accelerating the integration of the Natura and Avon brands in Latin America.
Fabio Barbosa, chief executive of Natura said: “Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand’s presence across the globe.
“In its constant striving for excellence, it also enhanced its sustainability practices. We feel immense gratitude and deep respect for its management and teams and will always hold the company close to our hearts. We wish Aesop all the best for the next chapter as part of the L’Oréal Groupe.”
Earlier this month, Natura announced that it was exploring “strategic alternatives” for The Body Shop, which could result in the sale of the business.
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