The Body Shop (L'Oréal) has finalised the acquisition of a 51% stake in Brazilian brand Empório Body Store, following the approval of Brazil's anti-trust authority CADE. As part of the deal, The Body Shop has the option of increasing its shareholding to 80% by 2019.
Brazilian anti-trust authority approves Emporio Body Store acquisition
The Body Shop finalises purchase of 51% of Emporio Body Store in Brazil
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Ingredients
![L'Oréal allegedly explores unloading talc-related liabilities]()
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The beauty giant strongly contests the claims made in approximately 760 pending proceedings related to the alleged presence of asbestos particles in certain talc-containing cosmetic products. According to a new report, L’Oréal has allegedly tapped advisors Weil Gotshal & Manges and investment bank Ducera Partners
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