The Body Shop changes hands again for £200m

Once-pioneering British ethical beauty brand The Body Shop has been sold for £207m. It is a comedown for the brand that was worth four times that amount last time it was sold just six years ago. The Body Shop, founded in 1976, initially stood out for its ethical stance. The Body Shop's key products have included body scrubs, white musk perfume and fruit-scented shower gels with all-natural ingredients. Under Natura's ownership The Body Shop redesigned its stores and introduced a refills service, but failed to turn around its finances. On top of the purchase price, Natura is in line for a £90m "Earn-out" from The Body Shop's revenues over the next five years.

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