Legal Business

Linklaters advises L’Oréal on €1bn Body Shop sale

Linklaters, Davis Polk & Wardwell and Baker McKenzie led as L’Oréal looked to sell The Body Shop for €1bn to Brazilian cosmetic company Natura.

Natura was in exclusive negotiations with L’Oréal, which put The Body Shop up for sale in February after buying the business in 2006 for £652m.