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Will the Pan-European investment firm purchase this iconic player in natural beauty?
October 30, 2023
By: Charlie Sternberg
Associate Editor
Natura &Co. may have found a buyer for The Body Shop. According to Reuters, the beauty giant has agreed to enter into exclusive talks with pan-European investment firm Aurelius Group. The Body Shop, which is estimated to be valued at $511 million according to industry resources, has struggled to maintain profitable growth in recent years. It has close to 3,000 stores in as many 70 countries. Natura acquired the high-profile naturals player in 2017 in deal valued at approximately $1 billion In April, David Boynton stepped down as The Body Shop’s chief executive. Ian Bickley, a Natura &Co Board Director, took the helm as interim CEO. In March, Natura &Co. sold Aesop to L’Oréal. Beauty Packaging’s Charles Sternberg contributed to this story.
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