Following disappointing sales over the Christmas shopping season, private equity firm Aurelius, which acquired The Body Shop for £207 million, decided to place the UK arm of The Body Shop into administration.
The UK arm of The Body Shop, the near 50-year-old cosmetics company renowned for ethical hair and skin products, has entered administration, administrators said Tuesday, placing thousands of jobs at risk."Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley, and Alastair Massey of FRP as joint administrators of the company, which operates The Body Shop's UK business," said an FRP statement.
EXCLUSIVE: Body Shop left fans devastated yesterday after it went into administration, leaving thousands of jobs at risk across hundreds of British stores.
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