Body Shop sells out
News that The Body Shop retail chain has accepted a takeover offer from cosmetics giant L’Oreal has caused consternation. The British-based company, headed by Anita Roddick, has made its ethical stance a priority over the years and Roddick even contributed an article to the NI (NI 322, April 2000). L’Oreal, which also owns Garnier, Giorgio Armani, Helena Rubenstein and Lancôme, is itself part-owned (26.4 per cent) by Nestlé. In a global internet vote last year, Nestlé was voted the world’s ‘least responsible company’ and is still the subject of a boycott due to its aggressive marketing of baby foods in developing countries. Baby Milk Action, which coordinates the boycott in Britain, says that the boycott will be extended to The Body Shop if the takeover goes ahead.
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