PARIS Feb 9 L'Oreal raised on
Thursday the possibility of selling iconic British beauty
products company The Body Shop, as the French cosmetics group
posted higher sales and profits.
L'Oreal said in a statement that it had decided to "explore
all strategic options regarding The Body Shop's ownership in
order to give it the best opportunities and full ability to
continue its development."
L'Oreal added that no final decision had been taken on The
Body Shop, which was founded in 1976 by Anita Roddick.
L'Oreal reported that 2016 sales had risen 2.3 percent from
a year ago to 25.84 billion euros ($27.55 billion), slightly
ahead of the mean average forecast for sales of 25.75 billion
euros according to a Reuters consensus conducted with Inquiry
Earnings per share for 2016 also rose 4.6 percent.
($1 = 0.9379 euros)
(Reporting by Sudip Kar-Gupta; Editing by Andrew Callus)