LONDON -- Body Shop International PLC, the British retailer that promotes natural-based cosmetics, has agreed to be taken over by L'Oreal SA of France in a cash deal worth $1.14 billion US. Body Shop will retain its separate identity and current management, the companies said Friday. L'Oreal does not plan to close any stores or make job cuts. Body Shop was founded 30 years ago in Brighton, England, by Anita and Gordon Roddick, and there are now more than 2,000 stores around the world. The Roddicks stepped down from managing the company in 2002, but have remained as non-executive directors and stand to bank around $204 million from their 18-per-cent stake. Criticism of the deal came Friday because Body Shop is known for products that aren't tested on animals while L'Oreal has yet to ban animal testing.