Aurelius, the private equity investor, has confirmed that it is acquiring The Body Shop from Natura for £207m with the deal expected to complete in December once approved by the authorities.
“We are delighted to be undertaking this acquisition of an iconic British brand, which pioneered the cruelty-free and natural ingredient movement in the health and beauty market. We look forward to working with CEO Ian Bickley and his team to drive operational improvements and re-energise the business, and help to deliver the next chapter of success,” said Tristan Nagler, partner, Aurelius.
The Body Shop CEO Ian Bickley said: “Today, we celebrate a truly historic moment for The Body Shop as we join forces with Aurelius to begin a new chapter, allowing us to continue building the relevancy of this global brand for future generations.”
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