SELLING UP SHOP? NATURA &CO MULLS FUTURE OF THE BODY SHOP
Published Time：Wednesday on Aug 24 2022 10:38:55Source：未知Read：
Natura &Co is rumored to be considering a sale of The Body Shop, according to a report published by This Is Money.
The Brazilian beauty behemoth is said to be ‘reviewing options’ after a rocky year. Possible next moves could include selling off under performing brands or a takeover by a private equity firm.
Natura &Co purchased the ethical beauty brand from L’Oréal in 2017 and is poised to relaunch in China later this year after the Asian powerhouse relaxed its animal testing requirement.
While stablemate Aesop posted strong growth in the first half of the year, The Body Shop saw sales plummet 24 percent. A spokesperson for Natura &Co told This Is Money, “We don’t comment on market speculation, but in difficult conditions we are redesigning our structure and reviewing ways of working to be lighter and leaner.”