They are volunteering in their local communities individually or as teams, and often campaigning with us. We commit to continue our Community Trade programme something we pioneered 30 years ago , we campaign for what's right, we give economically vulnerable people access to work and we nourish our employees' personal development.
Find out more about our targets here and learn why they are important. Our Bio-Bridges create corridors of biodiversity, they connect and protect areas of damaged forest to save animals and plants from extinction and give communities a sustainable future. The Body Shop. Veteran retail analyst Richard Hyman argues that L'Oreal overpaid for the chain and has failed to add any value to it.
He thinks The Body Shop's struggles are down to the same issues facing the retail sector as a whole:. You've got to have a very compelling retail proposition as opposed to a brand or product proposition. They're constantly chasing their tail, having to work hard to attract people into a store," he says. When the deal was struck, founder Dame Anita - who died just a year later - was forced to reject claims that The Body Shop, known for its ethically sourced goods, was joining with "the enemy".
There were concerns that some of the ingredients L'Oreal then used in its products had been tested on animals, while The Body Shop was publicly opposed to animal testing. The French firm insisted the brand would complement its existing offering, giving it increased presence in the "masstige" sector - mass market combined with prestige. But Charlotte Pearce, an analyst at consultancy GlobalData Retail, believes the firm has "slightly lost its way" under L'Oreal's ownership.
It's not known as a brand which is innovative and new, and it's failed to keep up with market trends - contour sticks, kits and palettes were a strong trend in , and these are nowhere to be seen in The Body Shop's range," she says. These days the firm is not seen as "a trendy brand", but mostly as a shop for gifting and low-value items, such as its body butters and body lotions, she says.
Nonetheless, Prof John Colley from Warwick Business School believes there will still be plenty of interest from private equity funds. He expects the firm to be sold with its current separate management team, who he says are likely to have their own ideas for how to improve it.
But anyone bidding will see a clear turnaround. Independent ownership would probably serve the firm well. A refreshed image would almost certainly work," he says. This feature is limited to our corporate solutions.
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