L’Oreal is targeting direct lenders to provide up to €650 million of leveraged loans to back a potential sale of The Body Shop, in a bid to encourage buyers to submit an offer for the business, banking sources said.
L'Oreal's sale of British retailer The Body Shop has drawn interest from a series of private equity investors who are lining up indicative bids ahead of a mid-April deadline, sources familiar with the matter said on M...
The Body Shop is in the sights of the man who used to run L’Occitane with Emmanuel Osti teaming up with CVC Capital Partners for a £650m bid, according to reports. The ethical beauty chain is being sold by L’Oréal.
French cosmetics giant L'Oreal said Thursday it is considering all options regarding The Body Shop unit as it looks to freshen its brand portfolio, but would not confirm that the brand would be put up for sale.