L’Oreal, Natura &Co in pact to acquire Aesop at enterprise value of $2.525B

L’Oreal (LRLCY) announced that it has signed an agreement with Natura &Co (NTCO) to acquire Aesop, the Australian luxury beauty brand. The proposed transaction values Aesop at an enterprise value of $2.525B. Nicolas Hieronimus, Chief Executive Officer, L’Oreal Groupe, said, "I am very excited to welcome Aesop and its teams to the L’Oreal Groupe family. Aesop is the epitome of avant-garde beauty, whose products are not only made with great care and exceptional attention to detail; they are a superb combination of urbanity, hedonism and undeniable luxury. Aesop taps into all of today’s ascending currents and L’Oreal will contribute to unleash its massive growth potential, notably in China and Travel retail." The closing is subject to certain regulatory approvals and other customary conditions.