The Body Shop was ahead of its time in using natural ingredients and getting customers to recycle packaging. Five years after L’Oreal SA paid $1 billion for the retailer, shareholders are still waiting for a payoff.
Casino Guichard-Perrachon SA, the French retailer, rose to the highest in almost 13 years after saying it will merge its Cdiscount and Nova Pontocom e-commerce units, and that it may spin them off in a U.S. stock offering.
Billionaire Bernardo Caprotti, the octogenarian founder of Milan-based Esselunga SpA, Italy’s fourth-largest food retailer, held his first press conference in September 2007. A few days earlier, he had told a local newspaper that, more than 50 years after starting the operation with Nelson A. Rockefeller, he was selling out.
J Sainsbury Plc, the U.K.’s third- largest grocer, reported the first drop in same-store sales in more than nine years as the supermarket owner joined its main rivals in succumbing to a shift away from the big chains.
Qatar Holding LLC’s 1.5 billion-pound ($2.2 billion) purchase of Harrods Ltd. may herald more investment in the industry as foreign buyers take advantage of a consumer-spending revival and a falling pound.