£800 million in term loans has been lined up by key banks to back L1 Retail’s Holland & Barrett takeover , according to Reuters.
Superdrug profits and sales have both seen a jump as the health and beauty retailer cashes in on store expansion.
L’Oréal has made the sale of The Body Shop official after signing a contract with Brazilian buyer Natura Cosmeticos.
L1 investment has confirmed that it will purchase Europe’s largest health food chain Holland & Barrett for £1.77 billion.
Holland & Barrett has attracted the interest of heavyweight investment firm Letter 1 which counts former Lidl and Argos bosses as its advisors.
Superdrug parent company AS Watson Group is reportedly mulling the possibility of acquiring Holland & Barrett, with the company looking to make a a bid of at least £1 billion.
Brazilian cosmetics brand Natura Cosmeticos has become the unlikely winner of The Body Shop bidding war, with L’Oréal announcing it has entered into exclusive talks this morning.
Chinese investment company Fosun has announced it would enter the bidding war for British cosmetics retailer The Body Shop.
The competition to acquire the Body Shop has entered a new chapter after a Chinese healthcare company entered the ring of possible bidders.
Smashbox Cosmetics has opened its first-ever standalone store in the South East at Bluewater shopping centre in Kent.