Linklaters and Davis Polk lead as L'Oreal nears €1bn sale of The Body Shop to Brazil's Natura
Baker McKenzie also advising as L'Oreal receives firm offer for the British cosmetics and skincare company
June 12, 2017 at 08:14 AM
2 minute read
Linklaters, David Polk & Wardwell and Baker McKenzie are advising as French cosmetics company L'Oreal plans to sell The Body Shop to Brazilian rival Natura Cosmeticos, which owns the Aesop brand.
On Friday (9 June), L'Oreal announced that it had entered into exclusive discussions with Natura and had received a firm offer that valued The Body Shop at €1bn (£877m).
Linklaters is acting for L'Oreal, with a team led by corporate partner Vincent Ponsonnaille, who is based in Paris and London, and Paris corporate partner Laurent Victor-Michel. They are being supported by London high-yield partner Alexander Naidenov and corporate counsel Christopher Yip in Hong Kong.
Last year, Ponsonnaille co-led a team advising private equity firm BC Partners on buying a $1.6bn (£1.2bn) stake in an Israeli furniture maker.
Baker McKenzie is also acting for L'Oreal on the deal. Its team is being led by London funds partner James Burdett.
Davis Polk is acting for the buyer with a team consisting of Paris corporate partner Jacques Naquet-Radiguet, London corporate partner Will Pearce and corporate partner Manuel Garciadiaz, who splits his time between New York and Sao Paulo.
In 2006, Linklaters advised L'Oreal on its takeover of The Body Shop for £625m. Bakers advised The Body Shop on the deal, and has continued to act for the business and its parent company L'Oreal since the acquisition.
The Body Shop was founded in 1976 by Dame Anita Roddick. It obtained a full listing on the London Stock Exchange in the 1980s and went on to become well known for its anti-animal testing stance and its promotion of natural products.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Kirkland, Paul Hastings, White & Case, Freshfields advise on Top German Deals
2 minute read
Kirkland Steers Paris-based Antin in ‘Year’s Biggest’ Infrastructure Fund Closing, at €10.2B
3 minute read
Venezuela Faces Creditor Class Action Suit After Missing $1.5B Bond Payments
2 minute read
Top German Banking Partners Seiler & Rath Rejoin Latham After White & Case Stint
3 minute readTrending Stories
- 1SEC Files Lawsuit Against Elon Musk Over Untimely Twitter Ownership Disclosure
- 2Survey Finds Majority of Legal Professionals Still Intimidated by AI Despite Need to Streamline Mounting Caseloads
- 3FTC Launches Inquiry of Single-Family Rental Home 'Mega Investors,' Issues PBM Report
- 4Womble Bond Dickinson's Wilmington Office Sees New Leadership as Merger Is Completed
- 5Defending Against a $290M Claim and Scoring a $116M Win in Del. Drug Patent Fight
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
