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The Body Shop billion dollar offer

  • News
  • June 12, 2017
  • The Register team
The Body Shop billion dollar offer

The Body Shop, which was put up for sale in February after falling profits, has confirmed a $1.12 billion offer by Brazilian cosmetics company, Natura.

Natura, which also owns the Aesop brand, is exclusive talks with The Body Shop and is expected to finalise the deal at the end of this year.

At the initial time of sale, The Body Shop had several offers from both Chinese group Fosun and health firm Renhe, neither of whose offers were excepted.

Natura valued the British beauty brand at USD$1.12 billion and says the deal is subject to regulatory approval and expected confirmation end of this year.

L’Oréal has owned the 40-year-old Body Shop brand since 2006, after founder Dame Anita Roddick sold it for €652 million, and operates stores and products in 66 countries.

L’Oréal, the world’s largest cosmetics company, is selling up because decline has set in at the brand once viewed as a trendy eco-friendly label.

Body Shop’s operating profits dived 38 percent to €34m in the year to 31 December 2016, while sales sank nearly 5 percent to €921m. The pace of decline increased in the final and key Christmas quarter, sliding by 6.3 percent.

Natura said the acquisition would help it take a “decisive step towards internationalisation.”

Jean-Paul Agon, chair, and chief executive of L’Oréal, said Natura was “the best new owner we could imagine to nurture the brand DNA around naturality and ethics”.

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Hemp products go beyond the specialty shelves

  • News
  • March 25, 2019
  • Sarah Dunn
Hemp products go beyond the specialty shelves

Since hemp seeds’ legalisation for growing, manufacture and sale in November 2018, supermarkets have quickly pivoted to include hemp products such as protein powder in their health food and specialty sections, but the trendy ingredient has already found its way into mainstream product categories.

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No longer just for hippies: Is hemp the next coconut oil?

  • News
  • March 25, 2019
  • Sarah Dunn
No longer just for hippies: Is hemp the next coconut oil?

The Naturally Good Expo, held over June 2 – 3 in Sydney, will bring retailers, brands and practitioners together to learn about all things healthy, organic and natural. Among the topics discussed by industry leaders at the expo is the recent legalisation of hemp – it’s popping up everywhere. We asked John Leith of supplier Hemp Oz and speaker Susan Tapper of Holistic Marketing Healthy Sales for more information about this exciting new product category.

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Military-style semi-automatics ban announced

  • News
  • March 21, 2019
  • The Register team
Military-style semi-automatics ban announced

As of 3pm on March 21, a wide range of semi-automatic weapons have been reclassified under section 74A(c) of the Arms Act as requiring an E endorsement on a firearms license. This means they can no longer be sold to those with A-category gun licenses, and their purchase now requires police approval.

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  • News
  • March 21, 2019
  • The Register
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  • News
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  • Radio New Zealand
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