13 Feb 2024 --- The Body Shop’s new owner, Aurelius, is set to bring in administrators for the retailer’s UK business. The full effects of the appointment are not clear, however, reports say it is likely to cause shop closures and job cuts, enabling the business to reduce costs. The news comes after Natura &Co agreed to sell The Body Shop to the international private equity group for £207 million (US$262 million) in November. The value falls short of the £880 million (US$1 billion) that Natura &Co paid L’Oréal to buy the retailer in September 2017.
