L'Oreal set to sell The Body Shop to Brazil's Natura in $1.1 billion deal: Reuters

French cosmetics and luxury goods group L'Oreal (OREP.PA) has started exclusive talks to sell its The Body Shop business to Brazilian make-up company Natura Cosmeticos (NATU3.SA) in a possible 1 billion euros ($1.1 billion) deal, Reuters reported.

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