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The Body Shop U.S. Opening 60 Stores In 2001/2002

This article was originally published in The Rose Sheet

Executive Summary

The Body Shop U.S. will open approximately 20 stores in 2001, marking the company's first retail expansion push since the early 1990s, U.S. Chairman Adrian Bellamy said.

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The Body Shop To Regain U.S. Business Control In Deal Valued At $11 Mil.

The Body Shop International will buy out its U.S. joint venture partner to regain control of the U.S. Body Shop business in an agreement valued at $11.1 mil. ([L]1=$1.42), the specialty bath and body retailer announced July 16.

The Body Shop To Regain U.S. Business Control In Deal Valued At $11 Mil.

The Body Shop International will buy out its U.S. joint venture partner to regain control of the U.S. Body Shop business in an agreement valued at $11.1 mil. ([L]1=$1.42), the specialty bath and body retailer announced July 16.

The Body Shop

International specialty bath and body product retailer looking to regain control of U.S. business, which currently operates independently under direction of Adrian Bellamy. "Discussions are progressing well towards the purchase," UK firm states, adding an announcement is expected in near future. Bellamy assumed leadership of The Body Shop's U.S. operations in 1998 under an agreement giving him options to buy up to 51% of the business between 2000-2002. Exec recently undertook firm's first retail expansion initiative since the early 1990s, with 20 new stores planned in 2001 (1"The Rose Sheet" April 23, p. 4). Discussions of possible buyout of The Body Shop International by Mexican nutritionals direct-seller Omnilife have ended without an agreement, firm says. Omnilife approached The Body Shop June 7 with its interest in purchasing the company (2"The Rose Sheet" June 11, In Brief)

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