The Body Shop bidders hesitate over £500m valuation
Morgan Stanley is handling the sales process and is hoping to reach a provisional agreement by the end of October
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Private equity firms interested in acquiring The Body Shop are reportedly being put off by owner Natura and Co’s high valuation.
According to Retail Week, the Brazilian company is asking for between £400-£500m to part with the health and beauty retailer.
Earlier this week it was reported that Lloyds Pharmacy owner Aurelius Group had joined Waterstones owner Elliott Advisors and private equity firm Epiris in the race to acquire the company.
It is unclear whether Bensons for Beds owner Alteri Investors is still interested in acquiring The Body Shop.
Natura put The Body Shop up for sale last month following its sale of Aesop to L’Oreal for £2bn in April.
Morgan Stanley is handling the sales process and is hoping to reach a provisional agreement by the end of October.
