Natura & Co is officially selling The Body Shop to personal equity firm Aurelius Investment in a deal valuing the chain at 207 million kilos, it was revealed Tuesday.
The closing of the transaction is anticipated to occur by yearend and is subjectto customary regulatory approvals.
“We're delighted to be undertaking this acquisition of an iconic British brand, which pioneered the cruelty-free and natural ingredient movement within the health and wonder market,” said Tristan Nagler, partner at Aurelius. “We look ahead to working with CEO Ian Bickley and his team to drive operational improvements and re-energize the business, and help to deliver the subsequent chapter of success.”
In accordance with São Paulo-based Natura, this is a component of its efforts to streamline...
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