Body Shop like-for-like sales increase 5%

Beauty products chain Body Shop said today like-for-like sales were up 5 per cent in the eight weeks starting February 26th.

Beauty products chain Body Shop said today like-for-like sales were up 5 per cent in the eight weeks starting February 26th.

"Sales trends are slightly ahead of those reported for the last full year, with total retail sales up 8 per cent [in the eight weeks]," said Body Shop, which is being taken over by France's L'Oreal.

Body Shop said in a statement its pretax profit rose 5 per cent to £37.6 million (€54.7 million) in the 52 weeks to February 25th, on turnover up 15 per cent to £486 million.

Body Shop, which expanded into Jordan and Russia last year, said it would pay a second interim dividend of 4.4 pence, lifting the total dividend 16 percent to 6.6 pence.

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On March 17th, L'Oreal, the world's top cosmetics group, unveiled an agreed deal to buy Body Shop for £652 million, or 300 pence per share.

Body Shop, which began life as a single shop in Brighton in 1976, is 18 per cent owned by its founder Anita Roddick and husband Gordon.

To fund her second shop in Chichister, Roddick sold a half share in the business to Ian McGlinn, a local garage owner, who still has a 21 per cent stake that will net him a £137 million return on his £5,000 investment.