L'Oreal to sell Body Shop to Brazil's Natura for â¹7200 crore
L'Oreal is in talks to sell The Body Shop in a â¬1 billion (â¹7,200 crore) deal to Brazilian cosmetics company Natura. L'Oreal put The Body Shop up for sale in February to explore strategic options for the chain, which it bought for $831 million in 2006. Earlier, Alibaba's Jack Ma was invited to submit a joint bid for the chain.