Photo by Polina Kovaleva: https://www.pexels.com/photo/white-and-brown-bottles-on-white-table-8101512/

L'Oréal to acquire Australian beauty brand Aesop

The transaction will close in the third quarter of the year.

L'Oréal has entered an agreement with Brazil-based cosmetics group Natura &Co to acquire Australian beauty brand Aesop for $2.525b.

In a statement, Aesop owner Natura &Co said the transaction is expected to close by the third quarter of 2023.

The transaction will allow Natura &Co to “strengthen and deleverage its balance sheet, freeing up resources to focus on its strategic priorities.”

READ MORE: L'Oréal invests in biotech for sustainable beauty

"The divestment of Aesop marks a new development cycle for Natura &Co. With a strengthened financial structure and a deleveraged balance sheet, Natura &Co, exercising strict financial discipline, will be able to sharpen its focus on its strategic priorities, notably our investment plan in Latin America,” said CEO Fabio Barbosa. 

“We will also be able to concentrate on continuing to improve The Body Shop's business and refocusing Avon International's footprint,” he added.

Natura &Co also owns Avon, Natura, and The Body Shop.

Follow the links for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Embracing technology and personalisation drives e-commerce in Indonesia
3 retail executives compare notes on rapid tech-driven growth of e-commerce at Retail Asia Forum.
Embracing hyperlocal retailing in Indonesia
Retail Asia Forum in Jakarta delved on the complexities of implementing hyperlocal retail strategies in a country as diverse as Indonesia.