Body Shop's remaining stores saved after rescue deal struck
- More than 100 Body Shop stores have been rescued from closure by a deal led by British tycoon Mike Jatania.
- The acquisition was completed by Jatania's investment firm, Aurea, ensuring all 116 UK stores continue trading.
- Aurea announced the deal aims to "steer the Body Shop's revival and reclaim its global leadership" in ethical beauty.
45 Articles
45 Articles
The Body Shop rescued from administration after deal
London, United Kingdom — Growth capital firm Aurea on Saturday announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products. The 50-year-old business entered administration in February, which led to FRP Advisory being brought in to try to salvage part of the group. Soon after,
The Body Shop rescued from administration after last-minute deal
Growth capital firm Aurea on Saturday announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products. The 50-year-old business entered administration in February, which led to FRP Advisory being brought in to try to salvage part of the group. Continue trading Soon after, The Body Shop announced it would shut almost half of its 198 stores in Britain. On collapsing, it employed ab…
List of remaining Body Shop stores as brand rescued from administration
After the business sank earlier this year, around 113 branches remain open (Picture: AFP) The Body Shop, the cosmetic store that embraces cruelty-free and all-natural products, has been saved from administration. Between years of austerity, a worldwide pandemic and a cost of living crisis, it hasn’t been the best time recently to be a high-street retailer. After all, as one Metro.co.uk columnist asked in 2013: ‘Is the death of the high street …
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