Body Shop Sold Out
Anita Roddick's world-famous ethical The Body Shop chain is in the hands of the French cosmetics giant L'OrÃ©al after a deal was agreed worth Â£652m.
L'OrÃ©al, the world's biggest cosmetics company, who are part-owned (25%) by NestlÃ©, the world's biggest food company, agreed to pay 300p a share for stock worth 268p a share.
After 30 years of selling ethically-sourced cosmetics with 2000 stores in 53 countries, Dame Roddick and her husband, who still hold an 18% share in The Body Shop, are expected to make around Â£140m out of the sell-out.
Apparently The Body Shop brand will remain "intact" and allegedly continue to run independently, though what the ethical consumer will think of this takeover remains to be seen.