JOURNAL ARTICLE

Struggling UK Retailer The Body Shop Sold to Private Equity.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Linsell, Katie 3 of 3

Abstract

The struggling UK beauty retailer, The Body Shop, has been sold to private equity firm Aurelius Group by its owner, Brazilian cosmetics conglomerate Natura & Co. The deal values The Body Shop at £207 million ($254 million) and is expected to close next month. The Body Shop, founded in 1976 by Anita Roddick, is known for its commitment to not testing products on animals but has faced increasing competition from rivals targeting younger consumers. Natura's sale of The Body Shop was driven by the need to cut costs after the pandemic and refocus its strategic priorities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/11, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • Accession Number:173606552
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