default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

L'Oreal Receives Bid For The Body Shop From Italy's Investindustrial

The sale by L'Oreal, which has owned The Body Shop since 2006, has drawn interest from a series of private equity investors and a decision is expected in the coming months.  
The Body Shop | Source: Shutterstock
By
  • Reuters

MILAN, Italy —  Italy's Investindustrial has placed a bid to buy British beauty retailer The Body Shop, the founder of the private equity firm Andrea Bonomi said on Tuesday.

The sale by L'Oreal, which has owned the company since 2006, has drawn interest from a series of private equity investors and a decision is expected in the coming months.

The Body Shop was a pioneer in the ethical beauty product industry four decades ago but was recently been challenged by weakening sales and profits, prompting the decision to sell it.

"We are trying (to buy it) and if we manage to do so, we hope a woman will lead it," Bonomi said.

Italian media has previously reported Investindustrial's plans to name former L'Oreal Italy country head Cristina Scocchia at the helm of the cosmetics group if it succeeded in the acquisition.

L'Oreal declined to comment.

By Massimo Gaia and Valentina Za, additional reporting from Pascale Denis in Paris, writing by Giulia Segreti.

In This Article

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The State of Fashion: Technology
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
The State of Fashion: Technology