Report: The Body Shop could be on the block
A retail pioneer in all-natural beauty products, ethical sourcing and environmental responsibility is facing an uncertain future.
L’Oreal is exploring a sale of The Body Shop for $1.1 billion, the Financial Times reported. The cosmetics giant bought the company, which operates some 3,000 stores across the globe, in 2006.
The Body Shop was founded in Brighton, England, in 1976 by Dame Anita Roddick. The brand has struggled recently amid increased competition from an array of brands.