L’Oréal has officially confirmed the sale of its British subsidiary The Body Shop to Brazilian Natura Cosméticos. The deal was signed this week, is estimated to be worth 1 billion euro and should be finalized before the end of the year.
Pharmasimple, an online pharmacy founded in Brussels seven years ago, experienced a 66.2 % turnover growth to 11.3 million euro in 2016. However, it has lofty ambitions, targeting a 100 million euro turnover in the next five years.
Amazon is looking for someone within its ranks to figure out how it can move into the highly lucrative medicine sales industry. According to several sources, Amazon has been contemplating this move for some time.
French cosmetics company L’Oréal has received fifteen bids for its British chain The Body Shop, for which it hopes to get at least one billion euro. The bidders reportedly include private equity firms like CVC, Carlyle, Advent and Bain Capital.
Not even five years after Burberry took full control of its perfume activities, the British luxury brand will once again outsource it once more. American specialist Coty will manage the popular My Burberry, Mr Burberry and other perfumes from October onward.
Because of the increased concerns about brexit's fallout, British cosmetics company Lush is looking to expand beyond the UK's borders. It fears it may have to pay increased import taxes and that it cannot find the right employees easily any more.
French cosmetics giant L’Oréal has asked business bank Lazar to investigate the different options for the environmentally-conscious store chain The Body Shop, but it is likely the ailing chain would be put up for sale.