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Tag: Body Shop

  • Body Shop Malaysia seeking for investment

    Body Shop Malaysia seeking for investment

    Body Shop Malaysia operator InNature Bhd is seeking to raise RM120.6 million (US$25.5 million) in funding from an IPO.

    The firm says some of the funds will be used to fund store network expansion in Vietnam and Cambodia.

    The Body Shop Malaysia business accounts for about 11 per cent of the country’s personal care & cosmetics market. It operates 89 locations in Peninsular Malaysia, Sabah and Labuan, as well as 34 outlets in Vietnam and one in Cambodia.

    “We will be focusing on an omnichannel strategy heavily focused on Natura’s business model of social commerce and e-commerce, which will be supported by a digital platform as well as physical stores for showrooming and raising awareness through customer experience,” the company said in a prospectus filed with Bursa Malaysia.

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  • Body Shop Malaysia and Vietnam operator to list

    Body Shop Malaysia and Vietnam operator to list

    The retailer and distributor of The Body Shop products in Malaysia since 1984 has yet to fix the issue price and the opening and closing dates of the IPO. But local news reports have suggested the IPO may raise up to MYR200 million (US$48.6 million).

    InNature has indicated plans to use any IPO proceeds for capital expenditure, working capital and new business development.

    The firm has 89 locations in Malaysia and 26 in Vietnam, including online platforms. It plans to enter Cambodia later this year.

  • Natura and Avon announce Major merger

    Natura and Avon announce Major merger

    Brazilian parent of Aesop and the Body Shop to take over 130-year-old Avon business.

    Cosmetics firm Natura is acquiring Avon Products in an all-share transaction, creating one of the world’s largest “pure-play” beauty groups.

    The combination of Natura and Avon will create as a multi-brand and multi-channel beauty group with direct connections to consumers on a daily basis. Going forward, the group will hold a strengthened hand in relationship selling through Avon’s and Natura’s more than 6.3 million consultants and representatives; a global footprint through 3200 stores, as well as an expanded digital presence across all companies.

    The combined group is expected to have annual gross revenues of more than US$10 billion, more than 40,000 associates, and a presence in 100 countries.

    “We have always looked at Avon with respect and admiration,” said Natura cofounder Luiz Seabra. “Natura was founded on its passion for beauty and relationships, and today’s transaction creates a major force in the direct-to-consumer space. Direct selling was a social network before the word even existed, and the arrival of technology and globalization only multiplied opportunities to connect with consumers in a meaningful way.

    “The peer-to-peer sales model is evolving towards social selling and the power of digital allows the group to go beyond providing products and advice, and advances women’s empowerment, through financial independence and enhanced self-esteem. We believe that business can be a force for good and together with Avon, we will amplify our pioneering efforts to bring social, environmental and economic value to an ever-expanding network,” said Seabra.

    Avon and Natura both reach customers through a force of independent, primarily female micro-entrepreneurs, who act as brand ambassadors and beauty advisors.

    Natura expects the combination to result in target synergies estimated at $150 million to $250 million annually, some of which will be reinvested to further enhance capabilities in digital and social selling, research and development and brand initiatives and to continue to grow the group’s geographic footprint.

    “Following the acquisitions of Aesop in 2013 and The Body Shop in 2017, Natura is taking another exciting, decisive step to build a global, multi-brand, multi-channel, purpose-driven group,” said Natura executive chairman Roberto Marques. “Together we will enhance our growing digital capabilities, our social network of consultants and representatives and leverage our global store footprint and distinctive brands, connecting, touching and influencing millions of consumers with different profiles daily, making our group unique and creating a formidable platform for growth.”

    “This combination is the start of an exciting new chapter in Avon’s 130-year history,” said Avon CEO Jan Zijderveld. “It stands as a testament to the progress of our efforts to ‘Open Up Avon’, and we believe it will allow us to significantly accelerate our strategy and further expand into the online channel. Over the past year, we have started a transformation to strengthen Avon’s competitiveness by renewing our focus on Her, simplifying our operations, and modernizing and digitizing our brand. Together with Natura, we will have broader access to innovation and a portfolio of products, stronger e-commerce, and digital platform, and improved data and tools for representatives to drive growth and enhance value for shareholders.”

  • The Body Shop launches plastic recycling Endeavor

    The Body Shop launches plastic recycling Endeavor

    Beauty and body care retailer The Body Shop is stepping up its sustainability efforts with the launch of its new recycling scheme that helps consumers recycle their empty packaging. The new initiative, which will launch in Australia on June 10, allows customers to return their empty bottles, jars, tubs, tubes, and pots in The Body Shop stores for recycling.

    The scheme, established in partnership with recycling company TerraCycle, was introduced in the UK, Canada, and France on May 10. It will be introduced in Germany soon.

    In a bid to tackle plastic pollution, the global personal care brand has also announced it plans to purchase 250 tonnes of community-trade recycled plastic from Bengaluru, India, and use them in nearly three million 250ml haircare bottles by the end of 2019.

    According to The Body Shop, it has already started using community-trade recycled plastic in 250ml haircare bottles in partnership with Plastics for Change and soon, the retailer said it will include its bestselling Ginger Shampoo. The bottles will contain 100 percent recycled plastic, excluding the bottle caps.

    Fifteen percent of that will be community-trade recycled plastic; the remainder will be recycled plastic from European sources.

    “The Body Shop will increase the amount of community trade Recycled plastic over time,” the retailer said. “Working with a start-up company and small waste picker communities means starting small and scaling up in a responsible and sustainable manner.”

    This move marks the start of a wider ambition for The Body Shop, which is to introduce community-trade recycled plastic across all plastic used by The Body Shop within three years.

    The company said over the course of three years the program will scale up to purchasing over 900 tonnes of community-trade recycled plastic and help empower up to 2500 waste pickers in Bengaluru.

    The retailer’s new campaign uses experiential marketing to tell people about the plight of waste-pickers in India and how it aims to help them by paying a fairer price for their work.

    “They will receive a fair price for their work, a predictable income and access to better working conditions,” The Body Shop announced. “They will also get help in accessing services such as education, financial loans and healthcare services, and the respect and recognition they deserve.”

    As part of their campaign, The Body Shop has commissioned a portrait of a female waste-picker made from 1500 recycled plastic items hand-collected by waste-pickers in Bengaluru. The installation was on display in London’s Borough Market from May 10 to 11.

    “As a company, we’ve always had the conviction to stand up for our principles when it comes to helping empower people, especially women while protecting our planet,” said Lee Mann, Global Community Trade manager for The Body Shop.

    “Our new partnership with Plastics for Change and our other partners will not only help support waste pickers but also champion plastic as a valuable, renewable resource when used responsibly.”

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  • New Body Shop CEO named by Brazilian owners

    New Body Shop CEO named by Brazilian owners

    The new Body Shop CEO has been named by its new owner, Brazilian-headquartered Natura Group.

    He is David Boynton, who currently heads up bespoke shirt retailer Charles Tyrwhitt.

    Having sealed its Body Shop acquisition earlier this year, Natura is keen to shape its three brands – the others being its namesake and Aesop – into a major multinational retail business. Combined, the three businesses currently turn over US$6 billion in annual sales and already have a presence in 69 countries.

    Boynton cut his retail teeth in the grocery sector before joining Hong Kong-based AS Watson and then playing a significant role in building the L’Occitane business internationally. He starts his new role on December 4.

    “I am delighted to be joining The Body Shop at this exciting time as it becomes part of the Natura family,” Boynton said.

    “I have admired both companies from afar for years and it is truly a great match, bringing together two values-driven beauty businesses with a passion for the preservation of the natural world and respect for people and communities.”

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  • Debenhams poaches Body Shop Asia boss for international role

    Debenhams poaches Body Shop Asia boss for international role

    Smith will join Debenhams in May. He will also be appointed to the department store group’s executive committee. Smith, who is currently based in Singapore, has been with The Body Shop for five years and previously held the same position at Pepe Jeans. He has also spent time at VF Corporation, which owns fashion brands including Lee, The North Face and Vans.

    Outgoing chief executive Michael Sharp said that Smith’s “wide range of experience in growing International brands will play a key role in building our overseas presence”.

    Smith added: “The opportunities for global growth are very exciting for Debenhams. I look forward to building on what is already a well-established international business.”

    Former international director Francis McCauley left the retailer in June 2015 and was not part of the executive committee.

    In the eight months following his departure the role has been covered by directors within the international team including director of international franchise operations Phil Topham and director of business development John Scott.

    Debenhams’ management team has seen several changes at the top level in recent months.

    Sharp announced his intention to leave the business after five years at the helm last October. Since then, there has been no announcement regarding his replacement.

    The department store appointed former Kingfisher chief executive Sir Ian Cheshire as chairman last month.

    It announced a better than expected Christmas trading update last month. It has suffered volatile trading in recent years after a focus on discounting damaged margins.

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