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Body Shop Confirms Sales Talks

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By: TOM BRANNA

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The Body Shop, confirmed today that it was in talks to sell its 1,840 health and beauty products stores to Grupo Omnilife, a multilevel marketing company based in Mexico. According to reports in the British press, the price tag is $500 million, but analysts said $420 million is a more likely selling price.The Body Shop had sales of $516 million last year, but warned that profits would fall as much as 15% this year because shoppers were rejecting new product concepts.Grupo Omnilife, was founded i...

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