New Body Shop owner prepares to appoint administrators in UK
The Body Shop’s new owner is preparing to call in administrators just weeks after taking over the retailer.
The health and beauty retailer was bought six weeks before Christmas by European private equity firm Aurelius, which is now likely to consider closing a significant number of stores, according to Sky News.
After weak trading over Christmas and early January, Aurelius is reportedly preparing to appoint FRP Advisory to handle an insolvency process for the UK business, which could threaten a significant number of shops and jobs.
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