L’Oréal has confirmed it is selling The Body Shop, just over a decade after it shelled out £652m to buy it.
In the company's 2016 annual result statement released last Thursday, rumours were further validated as Jean-Paul Agon, Chairman and CEO of L'Oréal, stated: "As part of this brand portfolio optimisation, it has been decided to explore all strategic options regarding The Body Shop's ownership in order to