L’Oréal is about to sell The Body Shop

According to the Financial Times, L’Oréal is thinking about selling The Body Shop for 1 billion Euros. Eleven years ago, L’Oréal acquired The Body Shop for 652.3 Millions Pounds. Back then The Body Shop’s ethical stand was seen as an opportunity for L’Oréal to make it big on the natural cosmetic market.

However The Body Shop has been struggling for quite some time. In the first half of last year, like-for-like sales at the Body Shop fell 0.6 per cent to 398.6 Millions Euros compared with the same period the previous year. Operating losses worsened to 22.2 Millions Euros  from 7.2 Million Euros. L’Oréal is collaborating with bankers at Lazard to come up with a plan.  – The Financial Times.

In the mean time, L’Oréal just bought CeraVe, AcneFree and Ambi from Canadian pharmaceutical company Valeant for 900 Millions Euros.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s