Natura has acquired The Body Shop for €1 billion from L'Oreal.
The Body Shop is a UK cosmetics retailer with a presence in 66 countries and with over 3000 stores.
Natura is a Brazilian cosmetics producer.
L'Oreal is selling the company after operating profits fell 38% in 2016. The company had acquired the company from its founder Anita Roddick for £652 million in 2006.
Natura sees the acquisition as a step towards expanding its business internationally.