(AOF) – L’Oréal announces today that it has finalized the acquisition of Aesop, a luxury beauty brand, in accordance with the conditions announced on April 3, 2023. “On behalf of the Group, I am very pleased to welcome Aesop to the within the L’Oréal family,” said Nicolas Hieronimus, CEO of the L’Oréal Group. “Aesop is an aspirational brand that makes the most of consumer updrafts. We look forward to continuing to leverage the brand’s unique DNA and values to unleash its immense growth potential in China and beyond.” he.
“We are delighted 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, to write together the new chapter of this brand. iconic,” said Cyril Chapuy, President of L’Oréal Luxe.
“We are confident that Aesop will join the L’Oréal Luxe ‘Billionaire Brands’ club, contributing significantly to L’Oréal’s future growth.”
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