The owner of The Body Shop has sold the struggling beauty retailer to private equity firm Aurelius Group in the latest change of ownership of the household UK brand which has a global presence.
Brazilian cosmetics conglomerate Natura & Co sold the retailer, which has been trying to revamp its performance for the last few years, in a deal valuing The Body Shop at 207 million pounds (US$254 million. The transaction is expected to close next month.
