The Body Shop is set to appoint administrators for its UK operation in a move which could result in job losses and shop closures.
The cosmetics retailers owner Aurelius is allegedly lining up restructuring expert FRP Advisory to manage an insolvency process, according to Sky News.
The administrators are likely to consider shutting some of the chains 200-plus UK stores in a bid to reduce costs, sources told the publication.
Private equity firm Aurelius bought The Body Shop in November 2023 for 207m a fifth of the price previous owners Natura & Co paid for it in 2017.
However, the beauty retailers trading over the festive period and early January is rumoured to have been weak.
The company is also said to have insufficient working capita…
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