Natura &Co has completed the sale of Aesop to L’Oréal. The transaction, which was first announced in April of this year, had a final enterprise value of $2.48 billion. This deal is expected to strengthen Natura &Co’s balance sheet and allow it to place more focus on integrating the Natura and Avon brands in Latin America.
“Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand’s presence across the globe,” said Fabio Barbosa, Natura &Co Chief Executive Officer. “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.”
