Listen to this article


South Korean conglomerate CJ Group has said it is considering a bid for L’Oréal brand The Body Shop.

The retail-focused conglomerate said in a regulatory filing details of the bid, such as whether it would enter a bid or which unit might launch a potenital bid, had not been decided.

French cosmetics giant L’Oréal said in February it is “exploring all strategic options” regarding the ownership of the British ethical skincare business it acquired a decade ago and is said to want €1bn for the brand. The Body Shop was founded in 1976 by Anita Roddick in Brighton between two funeral parlours.

Copyright The Financial Times Limited 2017. All rights reserved.

Follow the topics mentioned in this article

Follow the authors of this article

Comments have not been enabled for this article.