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L'Oreal to buy Body Shop - Body Shop's rating by Ethical Consumer magazine falls

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17 March 2006

Body Shop's shares rise as its ethical rating plummets

Author: Ethical Consumer

The Body Shop, trailblazer of ethical issues on the high street, will see its ethical rating fall from 11 out of 20 to 2.5 on Ethical Consumer's unique rating system "ethiscore", if its takeover by L'Oreal goes through...L'Oreal's link to Nestlé - it owns 26% of the company - is also a concern. Nestlé is the subject of a long-running boycott because of its marketing of breast milk substitutes...

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17 March 2006

Roddick: Body Shop deal not a sell out

Author: Ireland On-Line

Criticism that Body Shop was getting into bed with “the enemy” because L’Oreal has not abandoned animal testing was rejected by Dame Anita, who said the £652m (€939m) deal was a chance to strike a fairer deal for the world’s poor. Claiming the Body Shop was about values and not just animal testing, Dame Anita said: “The most exciting thing about this is that L’Oreal is asking us to teach it about community trade, which is the best poverty eradicator in the world.”

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