Brazilian anti-trust authority approves Emporio Body Store acquisition

Published: 13-Dec-2013
Finance

The Body Shop finalises purchase of 51% of Emporio Body Store in Brazil

The Body Shop (L'Oréal) has finalised the acquisition of a 51% stake in Brazilian brand Empório Body Store, following the approval of Brazil's anti-trust authority CADE. As part of the deal, The Body Shop has the option of increasing its shareholding to 80% by 2019.

   
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