LVMH and L’Oréal SA are among luxury consumer companies weighing bids for a stake in Aesop that could value the high-end cosmetics brand at $2 billion or more, people familiar with the matter said.
Japanese beauty group Shiseido Co. is also looking into a possible offer of interest in Aesop, said the people, who asked not to be named due to confidential information.
Aesop is owned by Brazilian cosmetics maker Natura & Co., which is working with Bank of America Corp. and Morgan Stanley as it explores selling a stake in the business, Bloomberg News reported last year.
Deliberations are ongoing and there is no certainty that they will result in offers for a stake in Aesop, according to the people. Representatives for Natura, LVMH, L’Oréal and Shiseido declined to comment.
Sao Paulo-based Natura said in October it was evaluating options to create value at Aesop, including a possible initial public offering or spin-off. Difficult markets for new listings in 2022 saw the company lean toward a stake sale. The move is part of a broader reform orchestrated by Fabio Barbosa, who took over as chief executive last year.
By Ruth David, Angelina Rascouet and Vinícius Andrade
Natura Mulls US IPO, spin-off of luxury brand Aesop
Brazilian cosmetics company Natura & Co said it has begun studying a possible initial public offering in the United States or a spin-off of its Aesop brand as it seeks to finance its expansion.