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Enters restructuring process similar to US Chapter 11.
February 14, 2024
By: TOM BRANNA
Editor
The British arm of The Body Shop has collapsed into the administration which is similar to Chapter 11 in the U.S.—and more than 2,000 jobs are at risk, according to reports. The Body Shop International Limited directors appointed Tony Wright, Alastair Massey and Geoff Rowley from FRP as joint administrators to try and save parts of the firm. Natura & Co. sold The Body Shop to Aurelius Group late last year in a deal valued at $261 million. Despite the Aurelius takeover, The Body Shop e...
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