The Body Shop enters insolvency protection in the UK and appoints insolvency administrators

The Body Shop enters insolvency protection in the UK and appoints insolvency administrators

British cosmetics retailer sold by Natura in November 2023

LONDON, England (AP) — British beauty and cosmetics retailer body shop This Tuesday, the 13th, said it had appointed insolvency administrators to Take care of your judicial recovery, after years of financial difficulties. The company went from one store in 1976 to hundreds of units in and out UKKnown as an early advocate of ethical business practices.

Executives employed by the Body Shop, part of the FRP Group, said they will “now consider all options to find a way forward for the business”.

A few weeks ago, the AureliusA German company Private equity Specializing in buying and restructuring troubled companies, it took control of the business. The European group acquired the British brand from the Brazilian company for £207 million (equivalent to R$1.25 billion). NatureIt divested assets with a focus on Latin America.

The body shop chain will continue to operate, but news that it has entered judicial receivership could put hundreds of the company's jobs at risk.

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