Source: Xinhua | 2017-06-28
French beauty-product giant L’Oreal yesterday said it had signed a contract to sell The Body Shop, which it has owned for over a decade, to Brazil’s Natura Cosmeticos for 1 billion euros (US$1.1 billion). The proposed sale is subject to clearance by antitrust authorities notably in Brazil and in the United States, and expected to close during 2017, L’Oreal said.Contact: Newyork Liu
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