The wait is over: L’Oréal acquires Aesop
L’Oréal has announced that it has signed an agreement to acquire Aesop from Natura &Co. The proposed transaction values the Australian bath and body brand at an enterprise value of US$2.525 billion.
Natura &Co looks to cut executive pay by 32 percent as it aims to restore investor trust
Natura &Co is looking to cut executive pay by 32 percent as part of a company overhaul that aims to increase investor trust, according to Bloomberg.
We’re still exploring our options: Natura &Co remains coy as beauty bids for Aesop
Natura &Co is said to have received multiple non-binding offers for its popular Aesop brand, according to a report published by Reuters. The Brazilian behemoth emphasized that it was still reviewing various options for the luxury fragrance brand.
Natura &CO cites ‘resilient performance’ in Q4, sees net revenues down 11 percent
Natura &Co has reported a Q4 net loss of 890.4 million reais (US$169.7 million), with lower revenues reported across all business sectors.
Univar acquires ChemSol; expands presence in Central America
Univar Solutions has announced the acquisition of ChemSol Group. The ingredients and specialty distributor operates in Costa Rica, Guatemala, El Salvador, Panama and Honduras.
Unilever to invest US$400 million in Mexico
Unilever is planning to build a new plant in Mexico’s Nuevo Leon region, according to a report published by Reuters. The manufacturer of Dove is planning to invest some US$400 million in the Latin American country over the next three years.
L’Oréal, LVMH and Shiseido vie for stake in Aesop
LVMH, Shiseido and L’Oréal are all hoping to secure a stake in Aesop if Natura &Co decides to sell a slice, according to a report published by Bloomberg. The Australian luxury bath and fragrance brand is valued at an impressive US$2 billion.
Natura &Co CEO: we want purpose and profitability
Natura &Co’s CEO, Fabio Barbosa has announced that the company will be restructuring and revaluating its business model following a disappointing set of results, with revenues down 9 percent in the most recent quarter, according to a report published by The Financial Times.
Finance in 2022 – inflation, inflation, inflation
Whether as a result of the pandemic, supply shortages or price gouging, inflation started rising worldwide in mid 2021 and was only exacerbated at the start of 2022 as Russia invaded Ukraine, sending fuel prices soaring.
Natura &Co works with Bank of America Corp and Morgan Stanley to sell stake in Aesop
Natura &Co is said to be working with the Bank of America Corp and Morgan Stanley in order to sell a stake in the Aesop brand, according to a report by Bloomberg.
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