Natura Cosméticos recently completed the acquisition of 100% of Australian company Emeis Holdings Pty Ltd. ("Emeis"), which operates under the brand name Aesop.
Natura already owned 65% of Emeis, the acquisition of which was approved in 2013.
As per the documents submitted to approval on this occasion, the 100% of the put and call options of Emeis’ common shares held by its minority shareholders could be exercised from the date of Emeis financial statements’ approval regarding the fiscal year closed on June 30, 2016. Natura eventually exercised a call option to acquire up to 100% of the ordinary shares held by the minority shareholders.
Aesop currently operates in 20 countries through its 177 signature stores plus 84 department stores. In 2013, the brand was present in just eight countries, had 57 signature stores and 54 department stores.