Showing posts with label Brazilian. Show all posts
Showing posts with label Brazilian. Show all posts

Saturday, June 10, 2017

BUSINESS: Brazilian Group Closes In On £880M Deal


 In business news, French cosmetics giant L’Oreal has entered exclusive talks to sell the Body Shop chain to Brazilian make-up company Natura Cosmeticos for €1bn (£880m).

According to business news sources, L’Oreal said Natura had made a firm offer for the business, which it put up for sale following a review announced earlier this year. L’Oreal acquired the Body Shop for £652m in 2006.