In search of cash, Brazilian beauty retailer Natura & Co had been looking to sell a gold nugget called Aesop since February. L’Oréal (2022 sales of €38.3 billion, up by 18.5%) closed the deal on 4 April. The transaction is expected to be completed in Q3 2023.
Valued at US$2.5 billion, Aesop achieved US$ 537 million in sales last year in 29 countries, up by 21% at constant rates. “This valuation is good, given that the brand is growing at 20% per year with EBITDA margins of 20%,” Bruno...
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