The Body Shop is to be sold in a €1bn (£877m) deal to Brazilian cosmetics company Natura, which owns the Aesop brand.
L’Oréal, the owner of the British ethical retailer, is in exclusive talks with Natura and expected to finalise a deal this year.
L’Oréal put Body Shop up for sale in February. At the time it said it had decided to explore all strategic options for the 40-year-old chain to give it the “best opportunities and full ability to continue its development”.
