High street beauty retailer, The Body Shop, is set to be sold to a private equity group in a £207 million deal. The sale is expected to be finalised by December 31, according to company bosses. The Brazilian cosmetics maker, Natura & Co, reached a deal with Aurelius Group for the sale. It is unclear if the sale will lead to store closures or job losses. Natura said the agreement includes a potential earn-out of £90 million, to be paid within five years of the transaction closing.
Sale of The Body Shop is expected to be finalised by December 31, bosses say. A high street beauty retailer has agreed to sell its 250 stores in a £207million deal after struggling with profitability. The Body Shop is being sold to a private equity group after owner Natura & Co reached a deal with Aurelius Group today. The Brazilian cosmetics maker says the sale is set to be finalised by December 31. It is unclear if the sale will result in store closures or see staff made redundant.
Natura said the agreement includes a potential earn-out of £90million, adding that both the sale price and the earn-out would be paid within five years of the transaction closing. The move represents the second major divestment by Natura this year as part of a broader organisational shakeup, following a deal announced in April to sell luxury brand Aesop to L'Oreal at an enterprise value of roughly £2billion. Founded in 1976 by Anita Roddick in Brighton, the Body Shop has grown to have around 7,000 staff, and 900 stores in 20 different countries
The Body Shop Sale Private Equity Natura & Co Aurelius Group Cosmetics Profitability Store Closures Job Losses
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