Linklaters, David Polk & Wardwell and Baker McKenzie are advising as French cosmetics company L’Oreal plans to sell The Body Shop to Brazilian rival Natura Cosmeticos, which owns the Aesop brand.
On Friday (9 June), L’Oreal announced that it had entered into exclusive discussions with Natura and had received a firm offer that valued The Body Shop at €1bn (£877m).
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