The Body Shop has filed a notice that it intends to appoint administrators shortly after it was bought by a private equity firm in a deal valuing the company at £207 million.
The beauty retailer founded by Dame Anita Roddick in 1976 has issued a court notice seeking protection from creditors as it lines up FRP Advisory to handle a restructuring of the business.
Aurelius, a German private equity firm, bought The Body Shop from Natura, a Brazilian cosmetics group, in November last year and it recently offloaded the retailer’s lossmaking business across most of Europe and parts of Asia.
The Body Shop’s staff now face possible redundancies in an insolvency process designed to cut its liabilities or to clear a path for a