×
188
Fashion Jobs
THE BANYAN HR CONSULTS
Merchandising Manager For a Seamless Garments Textile co at Coimbatore
Permanent · Coimbatore
OPERA CLOTHING PRIVATE LIMITED
Production Manager For Garment Manufacturing Factory
Permanent · Vapi
GOKALDAS EXPORTS LTD
sr. Manager - Technical - Garments Industry Background
Permanent · Bengaluru
NIKE
Lead Technical Product Manager, ed&a – Apla
Permanent · Bengaluru
NIKE
Senior Security Incident Responder – Cis
Permanent · Bengaluru
FAABIIANA
Executive For Online Product & Order Management
Permanent · NEW DELHI
FAABIIANA
Customer Sales Executive (Female)
Permanent · NEW DELHI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Category Manager/sr. Manager-Institutional Sales - Garments Industry
Permanent · Bhiwandi
NIKE
Senior Technical Product Manager, Inventory & Order – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Finance – Apla
Permanent · Bengaluru
NIKE
Senior Technical Product Manager, Core Erp – Apla
Permanent · Bengaluru
OMREELS BIOSCOPE PVT LTD
Senior Executive Ecommerce
Permanent · MUMBAI
NIKE
Senior Technical Program Manager, Marketing Tech – Dtpo
Permanent · Bengaluru
NIKE
Service Delivery Manager, Operations Center – Tech Ops
Permanent · Bengaluru
NIKE
Director, Security Solutions & Delivery – Cis
Permanent · Bengaluru
NIKE
HR Manager - Nike India Technology Centre
Permanent · Bengaluru
NIKE
Financial Controller - India
Permanent · Bengaluru
NIKE
Software Engineering Manager, Finance & Procurement Technology – cf&c
Permanent · Bengaluru
NIKE
Service Delivery Manager, Sap & Omdl (Order Management & Delivery) – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, Batch & bi – Tech Ops
Permanent · Bengaluru
NIKE
Service Delivery Manager, HR/Finance & Payroll – Tech Ops
Permanent · Bengaluru
NIKE
Senior Cyber Security Analyst – Cis
Permanent · Bengaluru
By
Reuters
Published
Jun 2, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Alibaba's Jack Ma invited to join bid for L'Oreal's The Body Shop

By
Reuters
Published
Jun 2, 2017

European private equity firm Investindustrial has invited the investment vehicle of Alibaba's founder Jack Ma to submit a joint bid of more than 800 million euros ($900 million) for L'Oreal's The Body Shop, sources familiar with the matter said on Friday, just days before a deadline for final bids.


Archiv



Hong Kong-based Blue Pool Capital has been asked to team up with Investindustrial and Brazil's GP Investments, one of Latin America's largest private equity firms, in making a bid for the British-based cosmetics retailer, the sources said.

European private equity investor CVC Capital Partners is also planning to submit a rival offer ahead of a June 7 deadline for final bids, the sources said, adding that another buyout firm, Advent, has decided to drop out of the contest.

L'Oreal has asked prospective bidders to table offers of no less than 800 million euros, said the sources.
L'Oreal, Investindustrial, GP Investments, Advent and CVC all declined to comment while no one at Blue Pool Capital was available for comment outside of regular business hours.

Investindustrial's Italian founder Andrea Bonomi told Reuters earlier this month that the buyout firm, which also has investments in luxury carmaker Aston Martin and shoemaker Sergio Rossi, was in the race for The Body Shop..
The firm worked with GP Investments on an eventually unsuccessful joint bid for French holiday resorts operator Club Med back in 2014.

L'Oreal said in February it was reviewing its strategy for The Body Shop, which it bought for 652 million pounds ($840 million) in 2006.

Founded in 1976 by British entrepreneur Anita Roddick, the company was a pioneer in the ethical beauty industry but has since fallen victim to increased competition from newcomers also offering similar products based on natural ingredients and no animal-testing.

Last year The Body Shop, which has more than 3,000 stores worldwide, saw its revenue drop 48 percent to 920.8 million euros and its operating profit fall 38 percent to 33.8 million euros.

L'Oreal's advisor, Lazard, was originally hoping for a valuation close to 1 billion euros for the business, but the sources said such a price was challenging given the chain's recent struggles and poor performance.

The Body Shop has also drawn interest from a handful of industry players including Brazilian make-up firm Natura Cosmeticos, which took part in the initial stages of the auction, the sources said. Natura was not immediately available to comment. ($1 = 0.8875 euros) ($1 = 0.7763 pounds) 

© Thomson Reuters 2022 All rights reserved.