L'Oréal completed the acquisition of Aesop from Natura &Co for $2.58bn.

L'Oréal, a personal care company, completed the acquisition of Aesop, a luxury cosmetics brand, from Natura &Co, a multi-brand cosmetics group, for $2.58bn. “We are thrilled to have Aesop join the L’Oréal Luxe division and I look forward to welcoming Michael O’Keeffe and his passionate teams to the L’Oréal family, as we work together to write the next chapter of this iconic brand. We have great confidence that in time, Aesop will join the L’Oréal ‘Billionaire Brands’ club and play a significant role in the future growth of the Luxury division,” Cyril Chapuy, L’Oréal President of Luxe.