Chinese internet-holding Alibaba aims to buy worldwide cosmetic brand The Body Shop owned by French concern L'Oreal. Alibaba plans to close the deal until June 7, so soon the cosmetic products of The Body Shop will be owned be the company’s CEO Jack Ma. The purchase price is $800 million. Last year, having 3000 stores in 66 countries The Body Shop reported a net profit of 920 million.
Since the beginning of June Alibaba shares rose by 2.2% and continue to rise. The trade will be available during American session from 14:40 to 21:00 GMT.
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