December 1, 2022 |
Brazilian cosmetics company Natura said Wednesday that it could sell a minority stake in Aesop, the Australian luxury brand that it acquired 10 years ago.
"The minority stake selling process is in initial stage of confidential consultations," Natura said in a securities filing, adding that it had not ruled out a possible spin-off or initial public offering (IPO) for Aesop.
Natura said last month that it was studying a spin-off or an IPO among alternatives to fund Aesop's "accelerated growth."
Brazilian cosmetics company considers the sale of a minority stake in the Australian luxury brand