Agreement – Beautifaire

30 Oct

PARIS — Natura & Co has entered into an exclusive agreement with Aurelius Investment Advisory Ltd. to potentially sell The Body Shop. The Brazilian beauty-maker and retailer made the announcement through a company filing Monday afternoon CET. It got here after a weekend of heightened media speculation. Natura said the terms and conditions of the potential sale remain under negotiation. In late August, while finalizing the sale of Aesop to L’Oréal in a deal that valued the non-public care brand at $2.5 billion, Natura revealed it was also mulling a sale of The Body Shop. In a company filing then, the corporate disclosed that its board of directors recently authorized management to explore strategic alternatives for The Body Shop, which can include a possible...

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12 Jul

Prada Inks Agreement With Unions on Welfare Plan

by Beauty Tips

Fashion, Featured

MILAN – The Prada Group has inked an agreement with unions to further spend money on the corporate’s welfare plan. “For the Prada Group, placing its own collaborators and their families on the forefront is of fundamental importance,” said chief executive officer Andrea Guerra. “The tools that we now have developed along with the unions and that allow us to supply more resources to our individuals are a option to contribute to succeed in a greater balance between private life and work.”A performance bonus of 1,450 euros might be increased depending on productivity and it would be hiked by 20 percent if converted into welfare and spent through the MyPradaGroup platform. The platform allows employees to be financially supported on medical...

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3 Apr

L’Oréal Signs Agreement to Acquire Aesop – WWD

by Beautifaire101

Beauty, Featured

PARIS – L’Oréal has signed an agreement to amass Aesop, the Australian luxury personal care company, from Natura & Co. The proposed transaction values Aesop at an enterprise value of $2.525 billion. Aesop, which relies in Melbourne, Australia, was created in 1987. It creates skin, hair and body care products with plant-based ingredients and sustainable vegan formulas. The brand — with a powerful retail signature, in addition to iconic amber bottles with black-and-white striped labels — is out there in prestige retail, beauty and hospitality venues globally. Aesop operates roughly 400 sales points within the Americas, Europe, Australia, Latest Zealand and Asia. Its first store opened in China in 2022. “Aesop is the epitome of avant-garde beauty, whose products are usually not only made with...

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17 Dec

Neil Barrett Seals Production Agreement With HIM Co.

by Beauty Tips

Fashion, Featured

Neil Barrett Seals Production Neil Barrett Seals Production MILAN — Neil Barrett is stepping up his game with a recent production partner. The British, Milan-based menswear designer has inked an agreement with HIM Co. SpA, previously referred to as Onward Luxury Group, for the manufacturing of his namesake collections and to “guarantee the longer term development” of the brand, the corporate said in an announcement. The deal will come into full effect with the autumn 2023 collection to be presented in January in Milan, although the spring 2023 lineup is to be partially produced by HIM Co. As reported, in 2021 Barrett charted a recent course for the brand, not renewing his previous production licensing agreement and starting collaborations with different manufacturing firms to...

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