Body Shop Seeks Rescue Plan Amid Financial Woes

Administrators aim for a company voluntary arrangement to save the iconic beauty retailer, with support from new owner Aurelius.

Administrators for the Body Shop are pursuing a company voluntary arrangement (CVA) to allow the business to continue trading and pay off its debts over time.
The CVA plan has received support from Aurelius, the investment firm that acquired the Body Shop less than four months ago.
If the CVA is not possible, administrators will seek a sale of the business and assets.
The Body Shop's French subsidiary has entered into administration, reflecting broader challenges faced by the retailer.
The Body Shop has closed dozens of UK branches and laid off hundreds of employees amid restructuring efforts.