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Market News

17Mar2006
 

L\'Oreal buys Body Shop

LONDON — Body Shop International PLC, the British retailer which promotes natural-based cosmetics, said Friday it has agreed to be taken over by L\'Oreal of France in a $1.14 billion(U.S.) cash deal. Body Shop will retain a separate identity and its current management, the companies said. Source: Mar. 17, 2006. 06:21 AM ASSOCIATED PRESS