Natura &Co confirms sale of Aesop to L’Oreal for enterprise value $2.525B

Natura &Co (NTCO) announces that it has reached an agreement under which L’Oreal (LRLCY) will acquire Aesop, opening a new chapter of the luxury beauty brand’s growth story after 10 successful years under Natura &Co’s stewardship. Under the transaction, L’Oreal has signed an agreement to acquire Aesop for an enterprise value of $ 2.525B. The transaction is still subject to customary regulatory approvals and is expected to close in Q3.