Per reports, a few possible scenarios include an IPO, slicing off a partial stake or selling it lock, stock and barrel. That could then be followed by an IPO. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. But for sure, all three brands are omnichannel, with robust websites and distribution in a wide swathe of department and specialty stores. NTCO3 assets rose 7.52% at the high of the day last Tuesday (4), but closed at a low of 3.39%, while the Ibovespa rose 0.36%. SO PAULO, April 3, 2023 /PRNewswire/ -- Natura &Co (NYSE NTCO; B3 NTCO3) announces that it has reached an agreement under which L'Oral will acquire Aesop, opening a new chapter of the luxury beauty brand's growth story after 10 successful years under Natura &Co's stewardship. Committed to Quality and its Idiosyncrasies. Cosmetics Business Picks: 8 new beauty launches to get ready for summer, Brazilian antitrust watchdog approves L'Orals acquisition of Aesop, Fable Investments increases stake in Perfumer H, Cosmetics Business Picks: 8 new launches to get ready for summer, Cosmetics Business Picks: 7 Mothers Day beauty launches, Natura's sales plummet 11% following The Body Shop job cuts, Aesop stake sale sparks $2 billion bidding war among LOral, LVMH and Shiseido, 6 beauty launches dropping just in time for the holiday season, Avon empowers 40+ women with Power in Ageing podcast, Aesop's new Regent Street store signals era of large format retail, A look inside Aesop's new academia-inspired Cambridge store, Beauty brands pledge to protect staff from Roe v Wade overturning, Natura & Co Group CEO Roberto Marques to exit, Aesop sales have also remained buoyant throughout 2022, Roberto Marques, stepped down from both roles. Natura's Carbon Neutral Program wins the UN Climate Global Action Awards. Aesop products are chock-a-block with star ingredients like parsley seed, tea tree leaf, primrose and chamomile; the 46-year-old brand was way ahead of the so-called clean curve. India's antitrust body is scrutinising Air India's planned merger with Vistara and has asked the company why it should not be investigated further over competition concerns, potentially delaying the process, two sources with direct knowledge said. This is not easy to execute. Okay, so maybe the Avon acquisition doesnt make tons of sense for a company with a brand roster heavily stacked toward naturals. The brand has also expanded its geographic . Aesop works with the Bank of America its the morgan stanley as it explores selling a stake in the business, as Bloomberg reported last year. LVMH, which has virtually cornered the market on chic beauty brands and is an obvious master at creating aspirational retail environments, seems like a great fit. Natura & Co is reportedly considering selling a minority stake of beauty brand Aesop. Performance & security by Cloudflare. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. I really like that Aesop works with different architects, yet seamlessly holds the brand identity intact in all their stores and points of sale, Maddocks says. PARIS Brazilian beauty company Natura & Co.said Monday that it has initiated the study of a possible initial public offering of Aesop, the groups luxury beauty and wellness brand and business unit, in the U.S. or a spin-off of Aesop. Natura &Co posted net revenues of R$36.3 billion in 2022. Point of Sale Hardware & Point of Sale Software. Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. PARIS Brazilian beauty company Natura & Co. said Monday that it has initiated the study of a possible . Although there are only a handful of Natura Brasil stores dotting the globe, both The Body Shop and Aesop have extensive retail footprints. Fabio Barbosa, chief executive of Natura & Co, explained: The divestment of Aesop marks a new development cycle for Natura &Co. With a strengthened financial structure and a deleveraged balance sheet, Natura &Co, exercising strict financial discipline, will be able to sharpen its focus on its strategic priorities, notably our investment plan in Latin America. There had been recent market rumors that Natura was considering a spinoff of Aesop or sale of the Body Shop. The four companies that form the group are committed to generating positive economic, social and environmental impact. See here for a complete list of exchanges and delays. "Overall, we remain Overweight on Natura, which is our LatAm retail top pick.". Thats thanks to Paphitis, a barbers son-turned-hairdresser, who had a fondness for weaving essential oils and other plant-centric ingredients into the products he custom crafted for clients. And oddly, a Google search even turned up a selection of Aesop products at Walmart.com. L'Oral snapped up the Australian cosmetics brand Aesop from Natura, the cosmetics giant announced on Monday, ending speculation around who would take over the luxury body care company, known for its minimalistic and very recognisable aesthetic. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. PARIS - L'Oral has signed an agreement to acquire Aesop, the Australian luxury personal care company, from Natura & Co. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Shares in the firm rose as much as 4.5% before paring some gains following the announcement, making Natura one of the top gainers on Brazil's benchmark stock index Bovespa, The move would add to a broader organizational shakeup that saw chief executive and executive chairman Roberto Marques. JPMorgan took a more optimistic tone, dubbing the deal transformational for Natura as it would allow management to fully focus on operating results and move faster, without re-thinking important decisions due to cash limitations. October 18, 2022, 7:18am. The shares of Natura (NTCO3) soared 15% this Monday (30), leading the highs of the Ibovespa. IBOVESPA 2023 PERSPECTIVES: HOW WILL THE COMPANIES YEAR BE? Courtesy of Aesop. "Also, it can potentially position Natura back as a solid dividend play," JPMorgan said. Net revenues increased 21.5% at constant currency for the skin care brand during the period, with all regions bar Europe delivering double-digit growth. 19882023 Latin American Financial Publications Inc. LVMH, L'Oral and Shiseido are reportedly interested in buying the Australian luxury brand from the Brazilian cosmetics company, Igu issues long-term debt for Rio concession. Analysts at Itau BBA said that an Aesop stake sale could be net positive for Natura &Co as it would deleverage the asset, align Aesop's management and potentially bring short-term price-to-earnings ratio to a "more palatable" level. We are confident that Aesop's growth story will continue under the ownership of L'Oral and wish Aesop continued success in this new chapter. Brazilian cosmetics company Natura said Wednesday that it could sell a minority stake in Aesop, the Australian luxury brand that it acquired 10 years ago. SO PAULO, April 3, 2023 /PRNewswire/ -- Natura &Co (NYSE - NTCO; B3 - NTCO3) announces that it has reached an agreement under which L'Oral will acquire Aesop, opening a new chapter of the. The sale was announced. SAO PAULO, Oct 17 (Reuters) - Brazilian cosmetics company Natura & Co (NTCO3.SA) on Monday said it has begun studying a possible initial public offering (IPO) in the United States or spin-off. Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura, The Body Shop and Aesop. Nourishing Through Intelligent Interactions https://www.aesop.com/au/ Established in Melbourne, Australia, in 1987, Aesop's objective has always been to formulate skin, hair and body care products of the finest quality. The Brazilian beauty company said it is looking at options to fund Aesops expansion. It has since expanded to 27 markets around the globe, with each of its 247 signature stores having their own unique design. By using this website, you automatically accept that we use cookies. In a world where shoppers are easily bored, it keeps it all the more interesting, Maddocks notes. Aesop's new store on London's Regent Street. L'Oral announced today that it has signed an agreement with Natura &Co to acquire Asop, the Australian luxury beauty brand.The proposed transaction values Asop at an enterprise value of USD 2.525 billion.Created in 1987, Asop is world widely renowned for its skin, hair and body products. The movement of Natura&Co (NTCO3) shares the day before, after the closing of the sale of Aesop to L'Oral for US$ 2.525 billion (above expected), intrigued JPMorgan analysts. "The news. With a strengthened financial structure,Natura &Co to focus on strategic priorities. One wonders how many $106.95 bottles of Resolute Hydrating Body Balm Walmart shoppers are tossing in their carts alongside the Eggo waffles and Brawny paper towels. Gain access to the latest news and deal analysis in Latin America and the Caribbean. Aesop opens its first travel retail stores in Incheon Airport and Melbourne Airport, plus its first large-format store in Sydney. Corporate & Sovereign Strategy M&A Equity Brazil Australia. The Body Shop introduces its pioneering Community Fair Trade recycled plastic, working with waste-picker communities in India. Written by The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Reuters, the news and media division of Thomson Reuters, is the worlds largest international multimedia news provider reaching more than one billion people every day. Take a free two-week trial now for the latest news, data and market analysis. See here for a complete list of exchanges and delays. We now enter the next phase of our development and I'm confident that with L'Oral's partnership we will be able to bring our exceptional skincare products to even more people and continue to expand our brand globally. At the maximum of the day, the shares of the cosmetics retailer reached R$ 14.94, a jump of 15.4%, but ended up slowing down and closed at a high of 5.49%. Brazilian cosmetics company Natura again confirmed that it is considering the sale of Australian luxury brand Aesop following press reports that LVMH, L'Oral and Shiseido were among the interested bidders. Press ContactBrunswick GroupSo Paulo + 55 11 3076 7620London + 44 020 7404 5959natura@brunswickgroup.com. The movement to buy the shares comes after the news that the company may sell a slice of Aesop, one of its controlled brands. It also keeps industry giants like LVMH, LOral and Shiseido on high acquisition alert. Welcomed by analysts, the deal announced on Monday sent shares in the Brazilian firm up as much as 10% in morning trading, making it the top gainer on the country's benchmark stock index Bovespa (.BVSP). April 3, 2023, 6:05pm. The shares of Natura (NTCO3) soared 11.13% this Monday (30), after news of the sale of a slice of Aesop (Image: Money Times/Disclosure) The shares of Natura (NTCO3) soared 15% this Monday (30), leading the highs of the Ibovespa. The firm, which grew through high profile acquisitions in recent years before an organizational shakeup that saw Barbosa taking the reins last year, is now looking to improve operations in Latin America as well as Avon International and The Body Shop operations, he said. In either scenario, Aesops business would remain led by Michael OKeefe, the brands chief executive officer, through a holding company to be listed in the U.S. That would also hold Aesops subsidiaries. The transaction is still subject to customary regulatory approvals and is expected to close in Q3 2023. You need to be logged in to use this feature. After its acquisitions of The Body Shop from LOral in 2017, the remainder of Aesop from Paphitis in 2018 and Avon from Cerberus Capital Management in 2019, Natura & Co. cemented its status as the fourth largest pureplay beauty entity in the world. https://www.prnewswire.com/news-releases/natura-co-sells-aesop-to-loreal-301788936.html, Do Not Sell My Personal Data/Privacy Policy. Aesop's sales in 2022 were $537 million. Shares in the firm rose as much as 4.5% before paring some gains following the announcement, making Natura one of the top gainers on Brazil's benchmark stock index Bovespa .BVSP, which was up 0.5%. Natura first announced in October it had begun studying a possible Aesop spin-off or IPO in the United States. Natura Cosmticos SA (BOVESPA:NATU3) completed the acquisition of 35% stake in Aesop Retail Pty Ltd on December 20, 2016. Exclusive news, data and analytics for financial market professionals, Reporting by Gabriel Araujo; Editing by Steven Grattan, Lucid CEO says Aston Martin EV tech deal is just the beginning, Ocado drops after media report of Amazon denying possible bid, Nike's 2024 pressured by weak North American demand, inventory glut, General Mills forecasts dour profit as price hikes impact demand, India flags antitrust concerns with Air India, Vistara merger, Tesla charging technology put on fast track to become US standard, Boeing says about 90% of China 737 MAX jets have resumed commercial operations, First U.S. malaria cases diagnosed in decades in Florida and Texas, Pfizer-OPKO's growth hormone drug gets US approval in kids. All quotes delayed a minimum of 15 minutes. That attention to detail plays out in the Aesop store designs, which, thanks to an ever-shifting roster of architects, ensures that no two are alike. Natura & Co have been working on restructuring its business model throughout 2022, in a bid to transition to a simpler holding company model.
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