Leading cosmetic company L’Oreal announced last Friday that its offer to buy British beauty giant Body Shop for 300 pence a share cash offer, valuing some GBP 652 million, has been accepted, Retail Week website reported. French company L’Oreal announced that the Body Shop will be run separately and under its current management team. Up till the end of February, Body Shop’s sales were valued at some GBP 419 million, the website reported. Body Shop Chairman Adrian Bellamy was cited by Retail Week ...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now