French cosmetics and luxury goods group L'Oreal is in talks to sell The Body Shop business to Brazilian makeup company Natura for 1.12 billion.
The Body Shop sells its products in 66 countries. L'Oreal on Friday confirmed the talks.
Natura says the deal is subject to regulatory approval. If approved, it would close later this year.
L'Oreal has owned the 40-year-old Body Shop brand since 2006.