L’Oréal signs an agreement with Natura & Co to acquire Aesop
L’Oréal announced today that it has signed an agreement with Natura &Co to acquire Aēsop, the Australian luxury beauty brand.
The proposed transaction values Aēsop at an enterprise value of USD 2.525 billion.
Created in 1987, Aēsop is world widely renowned for its skin, hair and body products. With its signature amber packaging, plant-based ingredients, sustainable vegan formulations, and its bespoke customer service, Aēsop has evolved into a global super brand available across luxury retail, beauty, and hospitality locations around the world.
L’Oréal invests in biotechnology venture to scale development of plant-based ingredients for sustainable beauty
The investment, made through L'Oréal's corporate venture fund, BOLD, will support the creation of new, sustainable ingredients derived from living organisms. Through Geno’s biotechnology expertise, L’Oréal will replace traditional ingredients with bio-based alternatives, such as those made from plant-based sugars. These new ingredients will be used across various L’Oréal products, making a significant leap towards the company’s goal of 100% eco-designed formulas and ingredients that are 95%-derived from renewable or abundant sources.
L’ORÉAL RANKS AMONG WORLD’S MOST GENDER EQUITABLE COMPANIES BY EQUILEAP
L’Oréal received today Equileap’s 2023 Gender Equality Ranking number 1 in France. In addition, the Group ranks 11th worldwide among 3,500 companies in 23 countries. Since Equileap’s launch 6 years ago, L’Oréal has been recognized in every ranking published.
Strong sales growth, Another year of outperformance in all Divisions and all Zones. Strong improvement in operating margin. Strengthened social and environmental contribution.
New International Collaboration on Cosmetics Safety Aims to Advance Acceptance of Animal-free Science Worldwide
Global collaboration of cosmetics and chemicals industry experts will work together with animal protection NGOs to accelerate widespread use of animal-free safety science through research, education and regulatory engagement.
L’ORÉAL RECOGNIZED FOR GENDER-EQUALITY BY BLOOMBERG INDEX 2023 FOR THE SIXTH CONSECUTIVE YEAR
For the sixth consecutive year, L’Oréal Group was recognized today by Bloomberg Gender-Equality Index (GEI) 2023 for having successfully created an inclusive and equal work environment. This reference index measures gender equality across five pillars: leadership & talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
L’Oréal is one of the 484 companies across 45 countries and regions to be part of the 2023 Gender-Equality Index. The Index is a modified market capitalization- weighted index that aims to track the performance of public companies committed to transparency in gender data reporting.
L’ORÉAL’S VENTURE CAPITAL FUND, BOLD, INVESTS IN DIGITAL VILLAGE, A US STARTUP FOCUSED ON METAVERSE & NFT MARKETPLACE
Clichy, 12 January 2023 – L’Oréal’s corporate venture capital fund BOLD (Business Opportunities for L’Oréal Development) announces a minority investment in US-based startup, Digital Village, a metaverse-as-a-service platform and NFT marketplace for brands, creators, and communities.
