Natura completes The Body Shop acquisition from L’Oréal

Natura bought the Body Shop
By Like Tugby.

Natura, Brazil’s leasing cosmetics firm, did not reveal how much the deal was worth, but it is understood to be in the region of €1bn (£880m).

As previously reported, L’Oréal initially struck a deal to sell The Body Shop to Natura on June 9, but that transaction has now been rubber-stamped by the relevant authorities.

Natura said the acquisition marked “a further decisive step” in its bid to become a “global, multibrand and multichannel cosmetics group”.

It already boasts the Natura and Aesop brands in its stable.

Read more at Retail Week.

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