L'Oréal announces that it has completed the acquisition of Aesop, a luxury beauty brand, in accordance with the conditions announced on April 3, 2023.
"On behalf of the group, I am delighted to welcome Aesop to the L'Oréal family, said Nicolas Hieronimus, Managing Director of the L'Oréal group. A unique combination of modernity, hedonism and ethical luxury, Aesop is an aspirational brand that makes the most of rising consumer trends. We look forward to continuing to leverage the brand's unique DNA and values to unlock its immense growth potential in China and beyond."
"We are delighted that Aesop is joining the L'Oréal Luxe division and I look forward to welcoming Michael O'Keeffe and his passionate teams to the L'Oréal family, to write together the new chapter of this iconic brand. said Cyril Chapuy, President of L'Oréal Luxe. We are confident that Aesop will join L'Oréal Luxe's club of 'billionaire brands', making a significant contribution to L'Oréal's future growth."
"We're very excited about this new cycle in Aesop's history. I am convinced that L'Oréal is the best partner to take the brand to new heights of success.said Michael O'Keeffe, CEO of Aesop. With the support and unrivalled expertise of L'Oréal, we will continue to develop and innovate to attract new customers and promote our brand internationally, while remaining true to our founding values, building on our brand and its distinctive heritage."
"Under Natura &Co's leadership, Aesop has reached new heights and strengthened the brand's presence worldwide.said Fabio Barbosa, Managing Director of Natura &Co.. Striving for excellence, the brand has also improved its sustainable development practices. We express our gratitude and deep respect for the brand's management and its teams, who will remain dear to our hearts, and we wish Aesop all the best for this new chapter within the L'Oréal group."
