L'Oréal believes that Aesop will be the next brand to join L’Oréal Luxe Billionaire brands club and will help Aesop achieve massive growth.

The French beauty giant L'Oreal announced it has signed an agreement with Natura & Co to acquire the Australian luxury beauty brand Aēsop.

Aesop's parent company, Natura & Co, stated financial results showing the Aesop’s two physical shops in China opened performed well.