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SAO PAULO — French cosmetics group L’Oreal struck a deal with Brazil’s Natura & Co to buy Aesop, its Australian luxury brand, at an enterprise value of $2.53…
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The deal is L'Oreal's largest brand acquisition to date.
The acquisition of Aesop will help L'Oreal capture the upscale market by providing a complementary product offering and a new customer base.
The beauty industry has successfully navigated the multiple challenges posed by the pandemic crisis and the subsequent economic slowdown of the past two years and is now on a path from recovery towards...