L’Oréal signs an agreement with Natura & Co to acquire Aesop
L’Oréal announced today that it has signed an agreement with Natura &Co to acquire Aēsop, the Australian luxury beauty brand.
The proposed transaction values Aēsop at an enterprise value of USD 2.525 billion.
Created in 1987, Aēsop is world widely renowned for its skin, hair and body products. With its signature amber packaging, plant-based ingredients, sustainable vegan formulations, and its bespoke customer service, Aēsop has evolved into a global super brand available across luxury retail, beauty, and hospitality locations around the world.
L’Oréal invests in biotechnology venture to scale development of plant-based ingredients for sustainable beauty
The investment, made through L'Oréal's corporate venture fund, BOLD, will support the creation of new, sustainable ingredients derived from living organisms. Through Geno’s biotechnology expertise, L’Oréal will replace traditional ingredients with bio-based alternatives, such as those made from plant-based sugars. These new ingredients will be used across various L’Oréal products, making a significant leap towards the company’s goal of 100% eco-designed formulas and ingredients that are 95%-derived from renewable or abundant sources.
L’ORÉAL RANKS AMONG WORLD’S MOST GENDER EQUITABLE COMPANIES BY EQUILEAP
L’Oréal received today Equileap’s 2023 Gender Equality Ranking number 1 in France. In addition, the Group ranks 11th worldwide among 3,500 companies in 23 countries. Since Equileap’s launch 6 years ago, L’Oréal has been recognized in every ranking published.
Strong sales growth, Another year of outperformance in all Divisions and all Zones. Strong improvement in operating margin. Strengthened social and environmental contribution.
New International Collaboration on Cosmetics Safety Aims to Advance Acceptance of Animal-free Science Worldwide
Global collaboration of cosmetics and chemicals industry experts will work together with animal protection NGOs to accelerate widespread use of animal-free safety science through research, education and regulatory engagement.
