Australian company sold to L’Oreal for $3.7 billion

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Australian skincare company Aesop has been sold to L’Oreal in a deal worth $3.7 billion.

Australian skincare company Aesop has been sold to L’Oreal in a deal worth $3.7 billion. Aesop was created by Dennis Paphitis at his hairdressing saloon in Armadale, Melbourne and was sold to Natura in 2012 for $68 million.

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Guess they were worth it.

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