Ethical beauty brand The Body Shop has been saved from administration by a consortium led by British cosmetics tycoon Mike Jatania. The announcement comes a month after Reuters reported that The Body Shop had signed an with a consortium led by the Auréa Group. The gold standard of business intelligence.
The acquisition includes the brand’s 113 UK stores and its operations in Australia and North America, safeguarding 1,300 jobs. Auréa, a growth capital firm founded by Mike Jatania and former finance executive Paul Raphael, has bought The ‘s assets for an undisclosed sum. The deal, finalised on 6 September 2024, aims to maintain the brand’s strong customer connection without closing any UK stores.
Founded by Anita Roddick in 1976, The Body Shop faced financial difficulties, entering administration in February 2024. Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research.
Gain competitive edge. Your download email will arrive shortly We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form The previous owner, Aurelius, acquired the company for £207m late in 2023 but failed to turn it around, accruing debts of more than £276m.
Since the retailer administration, its administrator, FRP Advisory, has closed 85 shops, reducing the number to 113. The Body Shop .