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Tue, 4 April 2023 9:21AMPremium French skincare giant L’Oreal has agreed to acquire luxury cosmetics brand Aesop, which was founded in Melbourne before developing a cult global following, for an enterprise value of $US2.53 billion ($3.7b). The transaction, which is expected to close in the third quarter, caps months of negotiations for the asset.
French skincare giant L’Oreal has agreed to acquire luxury cosmetics brand Aesop, which was founded in Melbourne before developing a cult global following, for an enterprise value of $US2.53 billion ($3.7b). The transaction, which is expected to close in the third quarter, caps months of negotiations for the asset.
Fiat Chrysler Automobiles is bringing new models to Brazil and expanding production at two local factories as part of a 16 billion reais ($4 billion) plan to regain lost market share in Latin America's biggest economy, CEO Mike Manley said. FCA increased its investment plan for Latin America by 2 billion reais through 2024, though it extended the time frame of outlays first announced in June by a year.
Fiat Chrysler Automobiles is bringing a slew of new models to Brazil and expanding production at two local factories as part of a 16 billion reais ($4 billion) plan to regain lost market share in Latin America's biggest economy, CEO Mike Manley said. FCA increased its investment plan for Latin America by 2 billion reais through 2024, though it extended the time frame of outlays first announced in June by a year.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
