The Body Shop Nears Rescue Deal with Auréa Group

British tycoon Mike Jatania leads consortium in exclusive talks to acquire the struggling cosmetics retailer.

The Body Shop entered administration in February, leading to significant job losses and store closures.
Auréa Group, led by Mike Jatania, has signed an exclusivity agreement to buy The Body Shop.
Former Molton Brown CEO Charles Denton will head the new management team if the deal is finalized.
The consortium's combined experience is seen as the best outcome for creditors and the long-term success of The Body Shop.
Due diligence checks are underway with the transaction expected to complete in the coming weeks.