Aurelius had paid only £3.5 million for The Body Shop business before it collapsed earlier this year, a news report said on Tuesday. The Body Shop- Facebook While the agreed price to buy the beauty retailer from Natura &Co was £207 million, that price included a £90 million performance-linked sum to be paid over five … Read more
The Body Shop’s insolvency practitioners are planning a company voluntary arrangement (CVA) to help it survive as the full extent of its money problems has become clearer. DR Several reports said FRP Advisory is drawing up plans for a deal that would allow the business to negotiate with its landlords in the hope of achieving … Read more
Translated by Nicola Mira Published Apr 5, 2024 The Body Shop France was placed in receivership on Thursday April 4 by the Paris trade court, according to a report by BFM Business. The British cosmetics retailer, still struggling after being bought by German investment fund Aurelius at the end of 2023, filed for suspension of … Read more
Natura & Co.-managed venture capital fund Fable Investments announced on Wednesday it has acquired a stake in Eadem, a company specialising in beauty products for individuals of colour. Terms of deal were not disclosed. Eadem “Fable Investments is thrilled to announce our latest investment into Eadem, a community-powered beauty brand rooted in heritage. Eadem focuses … Read more
Translated by Nicola Mira Published Mar 29, 2024 Australian skincare brand Aesop, now owned by the L’Oréal group, has taken FashionNetwork.com inside its Parisian office for the launch of its Immaculate Facial Tonic, a vitamin-rich skin tonic that hydrates and exfoliates. The Aesop Paris office with its understated interior design opened just over a year ago in … Read more
On the 8th day of Paris Fashion Week Fall/Winter 2024, French brand Pierre Cardin took his signature space-girls underwater, while the duo behind Coperni made theirs trace a pathway to the stardust. Pierre Cardin: Cardin’s 60’s astronauts trade space for ocean depth The iconic French brand, recognized as one of the most prolific in terms … Read more
UK taxpayers will be responsible for the substantial bill to pay redundant staff from The Body Shop after the ethical beauty retailer entered administration on 13 February. The Body Shop Oxford Street flagship store, which closed Tuesday. Photo: Sandra Halliday FRP Advisory has been appointed administrators tasked with overseeing a major restructuring of the collapsed … Read more
Translated by Roberta HERRERA Published Feb 19, 2024 Following the UK’s declaration of insolvency for The Body Shop on February 13, the outlook for the British cosmetics brand in France, where it has a workforce of 260, is as uncertain as it is disquieting. Sources close to the matter reveal that since late January, the … Read more
The Body Shop’s UK administration filing last week wasn’t the end of the devastation at the once thriving chain with new owner Aurelius having now also put the German ops into administration. And the Belgian unit will be next. Reuters Aurelius struck a £207 million deal to buy the struggling business from Brazil’s Natura &Co … Read more
By Reuters API Published Feb 13, 2024 The British arm of the Body Shop has collapsed into administration, putting 2,000 jobs at risk at the one-time pioneering ethical cosmetics retailer. Reuters Founded in Brighton, England in 1976 by late environmentalist and human rights activist Anita Roddick, the Body Shop was famous for promoting natural, ethically-sourced … Read more
