Margot Robbie’s favorite vying for £1billion sale: Luxury cosmetics giants eye takeover of skincare brand Aesop
Luxury cosmetics giants are eyeing a £1 billion takeover of skincare brand Aesop.
Japanese cosmetics company Shiseido and Luxembourgish sustainable beauty retailer L’Occitane are among the contenders, Mail on Sunday sources say.
Devout: Actress Margot Robbie is a huge fan of skincare brand Aesop
CVC Capital Partners, investors in the Six Nations Rugby Championship, are also reportedly considering a bid for the label – a favorite of Australian actress Margot Robbie.
Aesop was founded by hairstylist Dennis Paphitis in 1987 in Australia. He sold the brand to Natura & Co ten years ago.
Sources said Natura & Co – a Brazilian group which also owns Body Shop and Avon – was sounding out potential buyers. Natura & Co advisers are asking for indicative offers for Aesop to be submitted by the end of this month.
A source said the L’Occitane Group was working with advisers from Corporate Finance International on a possible offer.
Analysts have suggested Aesop could be sold for between £1bn and £1.5bn.
The MoS reported in August that Natura & Co was looking to spin off or sell The Body Shop. He then announced that he might list Aesop on the US stock exchange.