Brazilian cosmetics group Natura has confirmed it is buying UK cosmetics chain The Body Shop.
Natura is thought to be paying 1bn euros ($1.1bn; £880m) to the French group L’Oreal, which has owned The Body Shop for the past 11 years.
L’Oreal bought the business for around 940m euros in 2006 at the height of its success but it has failed to thrive since.
The deal still needs to be approved by the Brazilian and US regulatory authorities.
Source: Body Shop bought by Brazil’s Natura – BBC News
Forever Against Animal Testing
While the authorities approve the deal, let’s all sign the petition to stop animal testing worldwide once and for all: