According to Sky News, Chinese group Renhe Pharmacy may bid for the British beauty chain The Body Shop, recently put up for sale by the L’Oréal group. Renhe was founded in 2001 and, according to its website, has a workforce of 6,000 and operates 13 industrial plants for the production of drugs and healthcare products.
But the Chinese group isn’t the only potential buyer on the horizon. A bid was recently put forward by Italian investment fund Investindustrial, while Brazilian group Natura, owner of Aesop, is also holding talks with L’Oréal. CVC Capital, Advent International and South Korean group CJ Corp are also reportedly in the running for the acquisition of the natural ingredients cosmetics label. A month ago, Bloomberg claimed that the latest offers for The Body Shop were in excess of €800 million.
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