Aesop (brand)

Natura &Co closes sale of Aesop

Retrieved on: 
Wednesday, August 30, 2023
Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points: 
  • SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
  • Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
  • We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
  • Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

Natura &Co closes sale of Aesop

Retrieved on: 
Wednesday, August 30, 2023
Avon International Marathon, The Body Shop, Natura & Co, Avon, NYSE, Aesop (brand), Sale, Retail, Aesop

SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.

Key Points: 
  • SÃO PAULO, Aug. 30, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has completed the sale of Aesop to L'Oréal for a final enterprise value of US$2.58 billion after obtaining all customary regulatory approvals.
  • Fabio Barbosa, Chief Executive Officer of Natura &Co, declared: "Under the stewardship of Natura &Co, Aesop reached new heights, expanding the brand's presence across the globe.
  • We wish Aesop all the best for the next chapter as part of the L'Oréal Groupe."
  • Nicolas Hieronimus, Chief Executive Officer of L'Oréal Groupe, stated: "We are delighted to welcome Aesop to the L'Oréal Groupe family and thank Natura &Co for its guardianship over the years.

Natura &Co sells Aesop to L'Oréal

Retrieved on: 
Monday, April 3, 2023
Avon International Marathon, Morgan Stanley, Wardwell, Body, Partnership, Aesop (brand), The Body Shop, Bank of America, Davis Polk, Bank, NYSE, Retail, Tourism, Natura & Co, Aesop

SÃO PAULO, April 3, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has reached an agreement under which L'Oréal will acquire Aesop, opening a new chapter of the luxury beauty brand's growth story after 10 successful years under Natura &Co's stewardship.

Key Points: 
  • Under the transaction, L'Oréal has signed an agreement to acquire Aesop for an enterprise value of US$ 2.525 bn.
  • Since becoming part of Natura &Co in 2012, Aesop has posted spectacular growth.
  • The number of stores and counters increased from 52 to 395 as Aesop expanded its geographic footprint from 8 markets to 29.
  • Michael O'Keefe, CEO of Aesop, added: "This is an exciting day for Aesop.

Natura &Co sells Aesop to L'Oréal

Retrieved on: 
Monday, April 3, 2023
Avon International Marathon, Morgan Stanley, Wardwell, Body, Partnership, Aesop (brand), The Body Shop, Bank of America, Davis Polk, Bank, NYSE, Retail, Tourism, Natura & Co, Aesop

SÃO PAULO, April 3, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) announces that it has reached an agreement under which L'Oréal will acquire Aesop, opening a new chapter of the luxury beauty brand's growth story after 10 successful years under Natura &Co's stewardship.

Key Points: 
  • Under the transaction, L'Oréal has signed an agreement to acquire Aesop for an enterprise value of US$ 2.525 bn.
  • Since becoming part of Natura &Co in 2012, Aesop has posted spectacular growth.
  • The number of stores and counters increased from 52 to 395 as Aesop expanded its geographic footprint from 8 markets to 29.
  • Michael O'Keefe, CEO of Aesop, added: "This is an exciting day for Aesop.

Natura &Co posts constant currency sales growth and continuous improvement in cash conversion in Q4

Retrieved on: 
Tuesday, March 14, 2023
Marketing, Pressure, The Body Shop, Aesop (brand), Motion, Consultant, NYSE, ESG, Avon Products, Avon International Marathon, Amazon, Environment, Development, Investment, Red, F&H, Ministry of Federal Affairs and General Administration (Nepal), Sale, EBITDA, Female, Q3, Earthquake, Face, Element, DNA, Social, TMEA, FX, Digitalization, Growth, Empowerment, Biodiversity, Digital, CC, Administration, International Red Cross and Red Crescent Movement, Airline, Retail, Publishing, Pharmaceutical industry, Q4, BRL, Aesop, Natura & Co

SÃO PAULO, March 14, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the fourth quarter, with sales growth in constant currency and continued progress in cash conversion, in line with its strategic priority.

Key Points: 
  • Natura &Co posted Q4 consolidated net revenue of R$ 10.39 billion, up 3% at constant currency (-10.8% in BRL), driven by double-digit constant currency (CC) growth at Natura &Co Latam and Aesop.
  • In the fourth quarter, sales growth improved at constant currency and we delivered further progress in cash conversion, in line with our priorities.
  • Natura &Co Latam's net sales were up by 10.6% in constant currency ("CC) and down 3.2% in BRL.
  • The Body Shop's Q4 net revenue declined by 8.4% at constant currency (-20.6% in BRL), marking a sequential improvement over the previous quarter.

Natura &Co posts constant currency sales growth and continuous improvement in cash conversion in Q4

Retrieved on: 
Tuesday, March 14, 2023
Marketing, Pressure, The Body Shop, Aesop (brand), Motion, Consultant, NYSE, ESG, Avon Products, Avon International Marathon, Amazon, Environment, Development, Investment, Red, F&H, Ministry of Federal Affairs and General Administration (Nepal), Sale, EBITDA, Female, Q3, Earthquake, Face, Element, DNA, Social, TMEA, FX, Digitalization, Growth, Empowerment, Biodiversity, Digital, CC, Administration, International Red Cross and Red Crescent Movement, Airline, Retail, Publishing, Pharmaceutical industry, Q4, BRL, Aesop, Natura & Co

SÃO PAULO, March 13, 2023 /PRNewswire/ -- Natura &Co (NYSE – NTCO; B3 – NTCO3) posted a resilient performance in the fourth quarter, with sales growth in constant currency and continued progress in cash conversion, in line with its strategic priority.

Key Points: 
  • Natura &Co posted Q4 consolidated net revenue of R$ 10.39 billion, up 3% at constant currency (-10.8% in BRL), driven by double-digit constant currency (CC) growth at Natura &Co Latam and Aesop.
  • In the fourth quarter, sales growth improved at constant currency and we delivered further progress in cash conversion, in line with our priorities.
  • Natura &Co Latam's net sales were up by 10.6% in constant currency ("CC) and down 3.2% in BRL.
  • The Body Shop's Q4 net revenue declined by 8.4% at constant currency (-20.6% in BRL), marking a sequential improvement over the previous quarter.