L’Oréal completes acquisition of Aesop

August 30, 2023, L’Oréal today announced that it has completed the acquisition of distinctive luxury beauty brand, Aesop, in accordance with the terms announced on 3rd April 2023.

“On behalf of L’Oréal, I am very excited to welcome Aesop to the L’Oréal Groupe family,” said Nicolas Hieronimus, Chief Executive Officer, L’Oréal Groupe. “The Aesop brand, with its unique combination of urbanity, hedonism and undeniable luxury, taps into all of today’s ascending currents. We look forward to building on the brand’s unique DNA and values, as we unleash its massive growth potential in China and beyond.”<