PARIS — L’Oréal’s deal to accumulate Aesop was lauded Tuesday by financial analysts, who expect the French beauty giant to leverage that business abroad, especially in China, travel retail and fragrance.
As previously reported, it was revealed late Monday that L’Oréal has signed an agreement to buy the Australian luxury personal care company from Natura & Co.
The proposed transaction values Aesop at an enterprise value of greater than $2.5 billion.
“The valuation is nice for an asset growing 20 percent per 12 months and EBITDA margins of 20 percent, and the brand only recently expanded into China, which leaves loads of headway for future growth,” wrote Bruno Monteyne, senior analyst of European food, European household and private care at Bernstein, in a...
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