Natura negotiates purchase of The Body Shop cosmetics network

SÃO PAULO-Natura intends to purchase 100% of the shares of The Body Shop International and your group of subsidiaries, with closing of the operation in 2017. The binding offer was presented to the L '' Óreal in Paris and consider the value, enterprise value of €1 billion.
According to a note sent to the press, the integration will take the group to a consolidated turnover of Natura R $11.5 billion, 17000 employees, 3200 shops and a portfolio of over 2000 products, in addition to 1.8 million independent sales consultants.
Second fact of nature, sent to the Brazilian Securities Commission (CVM), the parties signed an exclusive deal and will be subject to consultation of the Board of employees L''Oreal, in compliance with French law. Natura also reported that already have funding of sufficient resources for the payment of the total price.
"The company believes that an important step was taken for the possible acquisition of The Body Shop and informs that the completion of the operation depends on the attendance of certain events required by applicable law," Natura, in fact.
"With this transaction, the Group Natura is three brands with strong identity: Natura, Aesop and The Body Shop. This move will strengthen our strategy of internationalization and diversification of brands and channels, "says João Paulo Ferreira, President of Natura, in a statement sent to the press.
The Body Shop, founded in 1976, in England, is a world-wide network of cosmetics, with over 3000 stores distributed in 60 countries, with 133 stores in Brazil in December 2016. In 2016, The Body Shop has generated net revenue of €921,000,000 euros.
Ashrafdahb more than 1,000 stores open brand
The network, however, has faced difficulties in recent years, amid fierce competition and weak performance in the British market. In 2016, the network recorded a 4.8% drop in sales, to €920,800,000 euros.
"The ethical values and experience of nature make her the perfect new controller of The Body Shop to speed up the rejuvenation of brand and your future expansion," said Jeremy Schwartz, Chief Executive and President of the Board of Directors of The Body Shop.