Natural Beauty Brand The Body Shop in UK & Europe Placed under Administration with Stores & Employees to be Cut, Germany Restructuring Specialist Aurelius Bought The Body Shop in 2023 November for $260 Million, European & Japan Business Sold to Germany Entrepreneur Friedrich Trautwein Family Office Alma24, The Body Shop Founded in 1976 by the Late Anita Roddick Who Died in 2006, The Body Shop Canada, Australia & Singapore Expected to Remain Open
17th February 2024 | Hong Kong
Natural beauty brand The Body Shop in UK & Europe had been placed under administration with stores & employees expected to be cut. Germany restructuring specialist Aurelius had bought The Body Shop in 2023 November for $260 million (£207 million). The European & Japan business had been reported to had been sold to Germany entrepreneur Friedrich Trautwein family office Alma24. The Body Shop was founded in 1976 by the late Anita Roddick who died in 2006. The Body Shop Canada, Australia & Singapore are expected to remain open. Aurelius: “In recent years, AURELIUS has completed many complex corporate carve-outs across Europe, including the acquisitions of renowned brands such as Footasylum from JD Sports and LSG Sky Chefs (LSG Group) from Deutsche Lufthansa AG. The Body Shop, which is headquartered in London and employs c. 7,000 staff, has operations in 89 markets with over 900 company-owned stores in 20 countries and partnerships with head franchisees who operate c. 1,600 franchised stores in a further 69 geographies. The brand’s product portfolio comprises natural ingredient-based bath & body, skin care, fragrance, hair care, make-up and gifting. The Body Shop has been B-Corp certified since 2019, further demonstrating its leadership in ethical sourcing, sustainability, and social consciousness. The Body Shop was founded in 1976 by Anita Roddick, with a small shop in Brighton/UK. At the heart of her vision stood an ethical approach to business, a purpose that was trail-blazing at the time and remains highly relevant today. The Body Shop does not test its products on animals and strives to work fairly with farmers and suppliers. By following this approach to business, The Body Shop has been a pioneer in corporate social responsibility.”
“ Natural Beauty Brand The Body Shop in UK & Europe Placed under Administration with Stores & Employees to be Cut, Germany Restructuring Specialist Aurelius Bought The Body Shop in 2023 November for $260 Million, European & Japan Business Sold to Germany Entrepreneur Friedrich Trautwein Family Office Alma24, The Body Shop Founded in 1976 by the Late Anita Roddick Who Died in 2006, The Body Shop Canada, Australia & Singapore Expected to Remain Open “
Natural Beauty Brand The Body Shop in UK & Europe Placed under Administration with Stores & Employees to be Cut, Germany Restructuring Specialist Aurelius Bought The Body Shop in 2023 November for $260 Million, European & Japan Business Sold to Germany Entrepreneur Friedrich Trautwein Family Office Alma24, The Body Shop Founded in 1976 by the Late Anita Roddick Who Died in 2006, The Body Shop Canada, Australia & Singapore Expected to Remain Open
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