December 21, 2012
Natura Cosmeticos has agreed to acquire 65% of Australia’s Emeis Holdings for AUD68m ($65m).
The Brazilian cosmetic company plans to pay cash for the stake. Natura and Emeis, operator of the Aesop brand, will continue to operate independently. The transaction is subject to regulatory approvals, and is expected to close by the end of April.
Natura Cosmeticos has agreed to acquire 65% of Australia’s Emeis Holdings f