Alibaba's Jack Ma invited to submit bid for The Body Shop
Chinese e-commerce giant Alibaba's Founder Jack Ma has been invited to submit a joint bid of more than $900 million to buy LâOreal-owned cosmetics and skin care company The Body Shop. LâOreal said in February that it was reviewing its strategy for The Body Shop, which it bought for $840 million in 2006. The Body Shop was founded in 1976.