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L’Oréal Group to house Aesop, largest-ever acquisition, under Luxe division

Posted By Luxury Daily News Service On In Commerce,Fragrance and personal care,Industry sectors,News | No Comments
Aesop joined forces with Natura & Co. in 2012, quickly becoming the company’s most profitable brand once officially acquired in 2016. Image credit: Aesop The Australian luxury cosmetics brand offers a stronger global presence. Image credit: Aesop

 

By Luxury Daily News Service

Beauty group L’Oréal has purchased Australian luxury cosmetics brand Aesop for $2.5 billion, marking the French conglomerate's priciest acquisition to date.