L’Oreal to sell Body Shop to Aesop owner


L’Oreal to sell Body Shop to Aesop owner

L’Oreal is in exclusive talks with Natura Cosmeticos to sell the Body Shop brand and business. L’Oreal has been seeking a buyer for the past few months and had attracted interest from CVC and Fosun, but Natura Cosmeticos has made a firm offer of £880 million. The Brazil based beauty products manufacturer deploys over 1.4 million direct sales agents in Latin America and acquired the Aesop brand in 2013. The Body Shop acquisition is a good fit for Natura which shares the ethical principles upon which founder Anita Roddick launched and developed the Body Shop.

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