, APAC
144 views
Photo from L’Oréal.

L’Oréal completes Aesop acquisition

It entered a deal with Natura &Co to purchase Aesop.

L’Oréal Group announced that it completed the acquisition of luxury beauty brand Aesop.

The company signed an agreement with cosmetics group Natura &Co in April to buy the Australian beauty brand for $2.525b.

L’Oréal Group CEO Nicolas Hieronomus said the Aesop brand “taps into all of today’s ascending currents” with its “urbanity, hedonism and undeniable luxury.”

“We look forward to building on the brand’s unique DNA and values, as we unleash its massive growth potential in China and beyond,” he added.

Aesop CEO Michael O’Keeffe said the brand will continue to grow and innovate on the back of L’Oréal’s support and expertise, pushing for expansion whilst sticking to its values.

Follow the link 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!

Top News

Why China’s dairy industry slowing down
Economic and demographic forces are amongst the major factors slowing the industry.
Alibaba merges e-commerce units
It will unify the Taobao and Tmall Group with the Alibaba International Digital Commerce (AIDC) Group.
E-commerce
Rakuten and L’Oréal Japan partner to deliver personalised beauty solutions
The partnership will leverage Rakuten’s AI and marketing data alongside L’Oréal’s advanced beauty technology.
Technology

Exclusives

Mars Wrigley bets on Asia’s chocolate boom
The US company expects the region’s rising middle class to eat more M&M’s and Snickers.
Stores
Food Innovators to serve up ‘anime’ diners in Singapore
CEO Kubota Yasuaki expects the city-state to become their gateway to other Asian countries.
Brands told to come clean about beauty care
Consumers are more discerning and can easily spot fake ingredient claims.
Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.