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3 Feb

The Body Shop Will Sell Most Mainland Europe and

by Beautifaire101
Beauty, Featured
PARIS — The Body Shop has signed an agreement with a global family office to sell most of its business in mainland Europe and in parts of Asia. Financial terms of the deal, which incorporates each physical and digital operations, weren't disclosed. The a part of the activity effected equals to about 14 percent of The Body Shop’s business worldwide. The sale doesn't impact its global head franchise partners, which operate on a rustic or territory level, but some sub-franchise partners are to be included within the sale. In a third-quarter 2023 sales statement, The Body Shop’s then parent company Natura & Co. wrote that projects underway included “turbo-charging the support for our head franchise partners, with a concentrate on our top-h.f. partners in the...
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18 Jul

Coty to Sell 3.6% of Wella Stake to IGF

by Beautifaire101
Beauty, Featured
PARIS – As Coty Inc. continues to deleverage, it has agreed to sell $150 million of its stake in hair care giant Wella. Coty said Tuesday that it expects to sell a 3.6 percent stake within the skilled hair care brand to investment firm IGF Wealth Management, with the money proceeds for use to pay down debt. Coty reiterated its commitment to divest its remaining 22.3 percent stake in Wella by 2025. The group said that the $150 million reflects a 4 percent premium to the book value of Wella as of March 31. The deal is predicted to shut in the subsequent two months. “Today’s announcement is a milestone for Coty, because the partial monetization of our Wella stake reinforces the strength of...
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