New Economic Realities // April 8, 2023
GNReport Rundown: L’Oréal scoops up Aesop, American Eagles scales back supply chain investments & Chipotle vs. Sweetgreen
Subscribe: Apple Podcasts • Spotify
Here at the GNReport Rundown, we break down the biggest headlines in the retail world.
This week’s coverage includes L’Oréal’s $2.5 billion Aesop acquisition, the biggest in the beauty giant’s history, and what it means for Aesop’s previous owner Natura & Co. This week also saw shakeups at American Eagle’s supply chain arm, Quiet Platforms, with its president exiting the company as AE focuses on profitability. Finally, we discuss why Chipotle rushed to sue Sweetgreen over the salad chain’s new burrito bowl.
The GNReport Rundown is released every Saturday morning.