Photographer: Katie Falkenberg/Los Angeles Times/Getty Images
LVMH, L’Oréal SA and Shiseido are among the consumer players weighing a bid for a stake in cosmetics company Aesop, Bloomberg reported.
Why it matters : The deal, which could value Aesop in excess of $2 billion, signals ongoing faith in the luxury and beauty sectors — despite the specter of a recession.
