The Body Shop franchisee faces prolonged weak consumer sentiment

Maybank IB said the regional cosmetic retailer may face a prolonged weaker consumer sentiment that could affect the recovery of sales for the group in the coming quarters.

PETALING JAYA: Maybank Investment Bank Research (Maybank IB) has placed a “hold” call on Innature Bhd with a target price of 35 sen, as challenging times are expected for the personal care retailer.

InNature Bhd is a franchisee for The Body Shop in Malaysia, Cambodia and Vietnam.