L'Oreal : Acquisition of Aësop for € 2.5bn at 5x sales
>P/E 2023 of 36x for a pure player that further extends the group’s operating footprint - The acquisition of the Aësop brand will unquestionably strengthen L’Oréal’s operational footprint in beauty by adding a skin care brand positioned in the premium segment with an exclusive distribution network on every continent except Africa. This is what investors expect from a pure player; deepen its operational footprint in order to better harness underlying growth by being pr...L'Oreal acts as a holding company. Through its subsidiaries, Co. plays a strategic coordination role and scientific, industrial and marketing coordination role on a global basis. Co. develops, manufactures and commercializes products for Skin care, Hair care, Make-up, Perfumes, Toiletries and deodorants, and Oral cosmetics. Co. has three branches: Cosmetics, Body shop and Dermatology. Co.'s principal activities comprise four divisions: Professional Products, Consumer Products, L'Oreal Luxe and Active Cosmetics. The Body Shop branch offers various cosmetics and toiletry products. The Dermatology branch offers topical dermatology prescription, and corrective and aesthetic dermatology.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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