L'Oréal: Chinese group eyes up the Body Shop.

(CercleFinance.com) - The Body Shop has been a subsidiary of L'Oréal since its acquisition in 2006, although the world leading cosmetics group has decided to sell the entity.
According to Sky News, a Chinese group I now has its eyes on the entity.

Sky news say that Renhe Pharmacy has made a bid for the subsidiary and it does not appear to be the only company interested in it.

While the sale is expected to be completed in the next few months, Goldman Sachs has also been thinking about making an offer of 600 million pounds for it, again according to Sky sources dating back to last month.


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