Italian Billionaire Bonomi Joins The Body Shop Bidding Battle
The Body Shop’s owner L’Oréal, which put the retailer up for sale earlier this year with a price tag of about £850m, has included Italian Billionaire Bonomi’s Investindustrial among second-round bidders, Thetradeboss reported.
Other investors that have been linked to interest in The Body Shop include private-equity giant CVC Capital Partners, South Korean player CJ Group, and Advent International, which previously owned sofas specialist DFS.
Bonomi paid £150m for a 37.5 per cent stake in Aston Martin in 2012, and his fund previously owned Italian bike-maker Ducati.
The Body Shop operates 3,000 stores in 66 countries.