Deals

LVMH, L’Oréal Among Suitors for Stake in Aesop

Japan’s Shiseido also eyes stake in luxury cosmetics brand
Deal could value Natura-owned business at $2 billion or more

Aesop is owned by Brazilian cosmetics maker Natura & Co.
Photographer: Katie Falkenberg/Los Angeles Times/Getty Images

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By Ruth David, Vinicius Andrade, and Angelina Rascouet

January 30, 2023 at 7:39 AM UTC

Updated on

January 30, 2023 at 1:45 PM UTC

This article is for subscribers only.

LVMH and L’Oréal SA are among the luxury consumer companies weighing offers for a stake in Aesop that may value the high-end cosmetics brand at $2 billion or more, people familiar with the matter said.

Japanese beauty group Shiseido Co. is also studying a potential bid for an interest in Aesop, the people said, asking not to be identified discussing confidential information.