South Korea’s CJ Corp said on Wednesday it is considering entering a bid for L’Oreal SA’s (OREP.PA) brand The Body Shop.
CJ Corp, the holding company for food-to-entertainment conglomerate CJ Group, said in a regulatory filing nothing had been decided, including whether it would enter a bid or what unit might launch any potential bid.
L’Oreal’s sale of British retailer The Body Shop has drawn interest from a series of private equity investors who are lining up indicative bids ahead of a mid-April deadline, sources told Reuters last month.
Source: Reuters.com