Natura Cosméticos SA, the Brazilian cosmetics producer that recently bought the Body Shop International Plc, began on Monday to release operational and debt targets for coming years to bolster investor confidence.
Cosmetics company L'Oreal on Thursday predicted it would make a record profit margin this year as it posted higher first-half sales and earnings boosted by growth in luxury products and emerging markets.
French beauty products giant L'Oreal said Tuesday it has a signed a contract to sell The Body Shop, which it has owned for over a decade, to Brazil's Natura Cosmeticos for one billion euros ($1.1 billion).
L’Oréal has entered into exclusive discussions regarding The Body Shop with Brazil-based natural beauty giant Natura Cosméticos SA. And it looks like a deal is virtually done with L’Oréal quite bullish on it happening.
L’Oréal’s plan to sell its ethical beauty retailer The Body Shop could be hurt by falling profits at the UK-based operation, and the chain's ethical stance could also be a stumbling block, according to reports.