-
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.
-
Photo Via Company
Don’t miss real-time alerts on your stocks – join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
This article originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.