Global beauty group L’Oréal has completed the acquisition of Australian luxury skincare brand Aesop from Natura & Co. The deal, first announced in April, will see Aesop joining the L’Oreal Luxe Division, which includes brands such as Lancôme, Yves Saint Laurent and Giorgio Armani, as the beauty group looks to take the Australian brand “to the...
31 Aug 2023
Aesop, the Australian-founded luxury beauty company, has been acquired by L’Oréal in a deal valued 2.5 billion dollars. Brazilian cosmetics group Natura & Co, which also owns the Avon and Body Shop brands, is selling the brand 10 years after it acquired a 65 percent stake in 2013. The transaction is signifant for L’Oréal and marks amongst its...
4 Apr 2023
The World Retail Congress presented Suzanne Santos, chief customer officer at Aesop, with the Isidoro Álvarez Lifetime Achievement Award for the brand’s outstanding contribution to retailing. The award recognises individuals that have made an outstanding contribution to retailing, and Santos was honoured for being “instrumental in the founding...
7 Apr 2022
Australian skincare label Aesop has launched a limit-edition collaboration with fashion designer Rick Owens described as a “meeting of uncompromising minds”. The collaboration consists of a candle, available in three sizes, and a curated travel kit featuring Owens favoured Aesop formulations, coriander seed body cleanser, resolute hydrating body...
22 Mar 2022
Australian skincare brand Aēsop, part of Natura and Co., is set to collaborate with leading sustainability fashion brand, Raeburn. The first joint venture between the two will drop in January 2021 and has been created with post-Covid customer needs in mind, explains Aēsop, and will highlight both brands’ shared principles around practicality,...
1 Oct 2020