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L’Oréal to Acquire Aesop

The $2.5 billion deal is the largest ever for the French beauty conglomerate.
Interior of an Aesop store with products lining the stone and wood shelving.
L’Oréal to acquire Aesop. (Courtesy)

Beauty giant L’Oréal is buying Aesop in a deal that values the brand at $2.5 billion, the largest ever acquisition for the French conglomerate.

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Further Reading

Beauty’s Top M&A Targets

The global market has slowed, but the beauty category remains of interest to financial backers. The Business of Beauty identifies the top targets of the year.

How Aesop Plans To Keep It Culty

The luxury skin care company, now a certified B-Corp, has been forced to swiftly rethink how it reaches its customers during the pandemic. Chief Executive Michael O’Keeffe lays out its strategy.

Can Aesop Keep Its Cool?

The Australian beauty label has built a global business turning over $215 million a year by defying industry norms and embracing cool, but rapid growth could dilute its cult status.

About the author
Diana Pearl
Diana Pearl

Diana Pearl is Senior News and Features Editor at The Business of Fashion. She is based in New York and drives BoF’s marketing and media coverage.

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