Aurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other UK retailers. Staff at the ethical cosmetics group fear it will be next, with more than 2,200 jobs and 200 stores at risk. Aurelius, a specialist in distressed companies, has…
American consumer debt including mortgages, car loans, credit cards and student loans reached $16.90 trillion in the fourth quarter of 2022, according to the New York Federal Reserve. This is an increase of 2.4 percent, or $394 billion, from the third quarter of 2022, prompting many Americans to explore other strategies to manage their growing…
The Body Shop was founded in 1976 by Anita Roddick 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. The retailer has appointed experts from FRP Advisory to oversee administration — a UK…
Attachments Geneva / Budapest / Kyiv 16 February 2024 — Two years since the Russia-Ukraine international armed conflict escalated, the human cost is insurmountable, with no end in sight. Not only have many lost their loved ones, homes, livelihoods, and savings, but millions of Ukrainians are struggling under increasing debt. Some people have been able…
Berlin, Feb 17 (IANS): The number of insolvencies in Germany rose 26.2 per cent year-on-year in January amid a weak economy, preliminary figures published by the Federal Statistical Office (Destatis) show on Friday. Double-digit year-on-year growth rates have thus been observed consistently since June 2023. In the first 11 months of last year, the number…