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L’Oréal to sell Body Shop to Natura in €1bn deal

Bloomberg Natura Cosmeticos SA entered exclusive talks to acquire British make-up seller Body Shop from L’Oreal SA, with an offer that values the UK chain at 1 billion euros ($1.1 billion). An acquisition by Natura would represent a major expansion for the Brazilian cosmetics company, which originated as a direct-sales business like Mary Kay or Avon and expanded its retail ...

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UAE amusement industry to draw 45mn visitors by 2021

Dubai / Emirates Business Footfalls at indoor theme parks and family entertainment centers at the malls are set to increase, according to International Expo Consults (IEC), organisers of ‘DEAL 2018’ show. The Global Industry Analysts, Inc. report says the global market for amusement and theme parks is forecast to reach US$44.3 billion by 2020, driven by the recovery in leisure ...

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Government portal highlights UAE’s future milestones until 2117

DUBAI / WAM The Telecommunications Regulatory Authority (TRA) has said that the official UAE Government Portal presents a pillar that highlights the UAE’s future milestones until the year 2117, within the context of the national vision and the directives of the wise leadership, working towards creating a future full of happiness, achievement, sustainability and leadership. Hamad Obaid Al Mansoori, Director-General ...

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