By Jeffrey T. Lewis
SÃO PAULO–Natura & Co. Holding said Monday it has agreed to hold exclusive talks with Aurelius Investment Advisory Ltd. over the potential sale of the Brazilian cosmetics company’s The Body Shop unit.
Terms of the possible sale are still under discussion and there’s no guarantee the talks will end in the divestment of the cosmetics and health and beauty aids vendor, Natura said.
Natura said in August that it was studying alternative strategies for The Body Shop, including its potential sale.
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