Jones Day has been called in to act as the lead law firm on the administration of The Body Shops UK business.
A cross-practice team led by London restructuring partner David Harding is working with administrators FRP Advisory to rescue the business, which employs more than 2,000 people in the UK and has around 200 shops across the UK and Ireland.
The timing of the administration has surprised many in the financial industry, as it comes just a few months after private equity firm Aurelius agreed to buy The Body Shop from Brazilian business Natura & Co in a 207m deal that saw Jones Day and Cleary Gottlieb advise the respective parties.
The decision to appoint administrators was made after Aurelius, which specialises in turning around…
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