Friday, March 17, 2006

The Body Shop Swallowed

French cosmetics behemoth L'Oreal snapped up beauty retailer The Body Shop, known for its ethically-sourced cosmetics, for $1.4B good ones on Friday.

L'Oreal said it will keep Body Shop's existing management team and maintain the company as a standalone entity selling only Body Shop-branded products in order to maintain its naturally-oriented image.

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