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

  • 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

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