Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 14 2017

L'Oreal to sell its retailer unit, The Body Shop

The Body Shop hasn't performed as well as the wider company, with a 6-percent decline in sales in the fourth quarter of 2016. L'Oreal's overall sales rose 5 percent in the same period.

L'Oreal to sell its retailer unit, The Body Shop

French cosmetics maker L'Oreal has confirmed that it is considering the sale of its retail unit, The Body Shop.

Jean Paul Agon, CEO, said, said "it has been decided to explore all strategic options" for the subsidiary, but that the company had made no decisions yet. It was earlier reported that the business could be sold for about 1 billion euros (USD1.1 billion).

The Body Shop hasn't performed as well as the wider company, with a 6-percent decline in sales in the fourth quarter of 2016. L'Oreal's overall sales rose 5 percent in the same period.

Its net income, however, fell to 3.1 billion euros last year from 3.3 billion euros in 2015 due to one-time charges it booked.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Institutional/Facility Cleaning
    “Pharvinex Chemicals and Intermediates” is one of the most trusted..
    Locations looking for expansion Rajasthan
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50000
    Space required 300
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Kota Rajasthan
  • Others Clothing
    Creez is an athletic apparel brand which offers high quality..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Healthcare Products
    Healthy Rabbit, a venture of Infinite E-Health Solutions LLP, is..
    Locations looking for expansion Uttarakhand
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Dehradun Uttarakhand
  • Consulting Services
    Himalayan Acoustics is a 13-year-old brand of Kool pack and..
    Locations looking for expansion Haryana
    Establishment year 2007
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities