Concern over fall in Body Shop sales
French health and beauty giant L'Oréal has posted official offer documents to The Body Shop shareholders today.
The documents, containing the full terms and conditions of the£652 million acquisition, must be signed and returned by May 3 if the deal is to go ahead.
On March 17, the Paris-based cosmetics company announced its intention to purchase the ethical beauty specialist at a value of 300p a share .
Sales at The Body Shop have fallen since the bid was made public, according to newspaper reports. There is concern that its core customers are boycotting stores because of concerns about animal testing.
No comments yet