Another corporate acquisition news that I missed last week. This one was a bit of a shock to me. The Body Shop being acquired by L’Oreal. The blog below has a good post on the reaction.
Scatterbox at stevensilvers.com: Body Shop acquisition polarizes corporate reformists:
For many corporate reformists and progressives, The Body Shop has been the poster child for corporate responsibility toward the environment, human rights and fair trade. Lâ€™Oreal, on the other hand, has represented the evil empire, and has been harshly criticized by The Body Shop founder Anita Roddick for animal testing and other unethical practices.
So it stands to figure that activists are split in their reaction to The Body Shopâ€™s decision to be acquired by Lâ€™Oreal.
Will L’Oreal become more green and ‘responsible’. Or will The Body Shop become yet another ‘evil’ corporation? That’s the question.