Sale contract of The Body Shop signed between L'Oréal and Natura
Clichy, 27 June 2017 ˗ L'Oréal announces that the contract for the sale of The Body Shop to Natura was signed after receiving the advice of L'Oréal's Works Council1 regarding this project announced on 9 June. The proposed sale is subject to clearance by anti-trust authorities notably in Brazil and in the United States, and expected to close during 2017.
See also
9 June 2017 : L'Oréal and Natura enter into exclusive discussions regarding The Body Shop
About L'Oréal
L'Oréal has devoted itself to beauty for over 100 years. With its unique international portfolio of 34 diverse and complementary brands, the Group generated sales amounting to 25.8 billion euros in 2016 and employs 89,300 people worldwide. As the world's leading beauty company, L'Oréal is present across all distribution networks: mass market, department stores, pharmacies and drugstores, hair salons, travel retail, branded retail and e-commerce.
Research and Innovation, and a dedicated research team of 3,870 people, are at the core of L'Oréal's strategy, working to meet beauty aspirations all over the world. L'Oréal's sustainability commitment for 2020 "Sharing Beauty With All" sets out ambitious sustainable development objectives across the Group's value chain. www.loreal.com
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