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LVMH, L'Oréal Mull Stake In Cosmetics Brand Aesop: Report

Author: Shivani Kumaresan | January 30, 2023 07:16am

French luxury goods company LVMH-Moet Hennessy Louis Vuitton (OTC:LVMHF) and personal care company L'Oreal Co. (OTC:LRLCY) are mulling stakes in Natura &Co Holding S.A. (NYSE:NTCO) owned cosmetics brand, Aesop.
If realized the move will value Aesop at $2 billion or more, Bloomberg reported.
Japanese beauty group Shiseido Co is also studying for a potential interest in the cosmetics brand. The report also added that Aesop’s owner, the Brazilian cosmetics maker Natura is working with Bank of America Corp (NYSE:BAC) and Morgan Stanley (NYSE:MS) to find ways for a stake sale.
Natura was assessing options to unlock value at Aesop, including a possible IPO or spinoff.
Also Read: French Fashion Giant LVMH Posts 23% Revenue Growth In FY22
Price Action: NTCO shares closed lower by 0.20% at $5.11 on Friday.
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Posted In: BAC LRLCY LVMHF MC MS NTCO