The Body Shop's UK Business Enters Administration
Thousands of jobs and stores at risk as private equity firm Aurelius seeks to stabilize the iconic British brand.
- The Body Shop's UK arm has entered administration, putting thousands of jobs and stores at risk.
- Aurelius, the private equity firm that bought The Body Shop in November, has appointed FRP Advisory to oversee the administration process.
- The administration process aims to protect the company from liquidation and offers legal protection from creditors.
- The Body Shop has faced financial struggles for years, under various owners, leading to this crisis.
- The brand's global franchise partners are not impacted by the UK administration.