The long-dormant restructuring market has had a shot in the arm recently, with the City teams of US stalwarts winning lead mandates on the administration of The Body Shop and a rescue deal of Yodel.
Jones Day and White & Case are handling the administration of cosmetic group The Body Shop, while Dechert and Weil advised parcel delivery business Yodel to secure a rescue deal backed by one of its rivals.
On 20 February, Tony Wright, Geoff Rowley and Alastair Massey of FRP Advisory partners were appointed as joint administrators of the Body Shop, and announced a restructuring plan to secure the future of the high street retailer.
They said it is expected that The Body Shop will shut up to half of its 198 UK stores. They also announced the i…
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