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L’Oreal in talks to sell The Body Shop to Brazil’s Natura Cosmeticos

French cosmetics and luxury goods group L'Oreal is in talks to sell its The Body Shop business to Brazilian make-up company Natura Cosmeticos, in a $1.1 billion deal, according to a Reuters report. L’Oreal had acquired The Body Shop, for 652 million pounds in 2006.

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M&A,mergers and acquisitions,M&A deals