LVMH, L'Oreal Mull Aesop Stake Bid, Bloomberg Reports
31 January 2023 - 6:36PM
Dow Jones News
--French luxury group LVMH Moet Hennessy Louis Vuitton SE and
cosmetics giant L'Oreal SA are among the suitors weighing up a move
for a share interest in beauty brand Aesop, Bloomberg reports,
citing unnamed sources.
--Offers could value Aesop, part of Brazil's Natura & Co.
Holding SA, at some $2 billion, Bloomberg reports.
--Talks are continuing and there is no certainty they will
result in an offer, according to Bloomberg.
--Neither LVMH--which owns beauty-retail business Sephora--nor
L'Oreal immediately responded to requests for comment from Dow
Jones Newswires.
Full story: https://bloom.bg/3HIDVC1
Write to Joshua Kirby at joshua.kirby@wsj.com;
@joshualeokirby
(END) Dow Jones Newswires
January 31, 2023 02:21 ET (07:21 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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