PARIS — The Body Shop’s French subsidiary entered into administration Thursday, in what's the most recent in a run of bad news for the ailing beauty retailer.
The Body Shop’s administration process is the results of a toxic combination of overexpansion and underinvestment by past owners, and fierce competition in the wonder market.
It's also a part of a wider restructuring on the a part of Aurelius, the private equity concern that acquired The Body Shop from Brazil-based Natura & Co. in mid-November 2023. The deal valued the retailer at 207 million kilos.
The Body Shop had been a trailblazing sustainable beauty brand with a purpose after it began within the ’70s, and its unraveling has had far-reaching effects.
In France, The Body Shop filed for bankruptcy with the...
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