Overview

• 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.