The Body Shop is reportedly being considered for sale parent company L’Oréal, which acquired the business 11 years ago.
According to the Financial Times, the French cosmetics giant is exploring the sale of the British retail business which has become one of its worst-performing brands.
L’Oreal is reportedly working with financial advisory firm Lazard to review its options ahead of the release of its annual results later this week, with an outright sale potentially on the cards.
With a retail estate of over 3000 stores in 66 countries, private equity investors have allegedly already expressed interest in the business.
The Body Shop was purchased in 2006 for £625.3 million by L’Oréal, but it is thought that sales growth has slowed down and grew by just 1.7 per cent over the last year, compared to the group’s 4.6 per cent.