Aesop, an Australian luxurious cosmetics, shampoo and bodycare model, is alleged to be on the centre of a $2bn (£1.6bn) bidding warfare between French multinationals LVMH and L’Oréal.
LVMH, the posh items empire managed the world’s richest particular person, Bernard Arnault; L’Oréal, the world’s largest cosmetics firm; and the Japanese make-up and perfume model Shiseido Co are weighing up bids to purchase a stake in Aesop, in response to Bloomberg.
Aesop, which was based by the Melbourne hairdresser Dennis Paphitis in 1987, has been majority-owned by the Brazilian cosmetics multinational Natura for greater than a decade.
Natura, which additionally owns The Physique Store, has appointed Financial institution of America and Morgan Stanley to discover the opportunity of promoting a stake in Aesop.
LVMH declined to remark, whereas Natura, L’Oréal and Shiseido didn’t reply to requests.