Brazil's Natura in exclusive talks with Aurelius for The Body Shop sale : vimarsana.com

Brazil's Natura in exclusive talks with Aurelius for The Body Shop sale

SAO PAULO (Reuters) -Brazilian cosmetic maker Natura & Co on Monday said it has agreed to enter into exclusive talks with private investor Aurelius Group for a potential sale of its subsidiary The Body Shop (TBS), lifting its Sao Paulo-traded shares. The move comes after Natura announced in August that its board of directors had authorized it to search for "strategic alternatives" for TBS, including a potential sale of the business, six years after buying it from L'Oreal. Shares of the Brazilian firm rose more than 2% on the news, which also follows a deal earlier this year to sell its luxury brand Aesop to L'Oreal at an enterprise value of $2.53 billion as part of a broader organizational shakeup.

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