Body Shop's UK Arm Falls Into Administration: Statement [Barron's]
Natura &Co Holding S.A. American Depositary Shares (NTCO)
Company Research
Source: Barrons
The retailer has appointed experts from FRP Advisory to oversee administration -- a UK process where financial experts are drafted in to try and save parts of a firm. "Today, the directors of The Body Shop International Limited have appointed Tony Wright, Geoff Rowley, and Alastair Massey of business advisory firm FRP as joint administrators of the company, which operates The Body Shop's UK business," said an FRP statement. "Taking this approach provides the stability, flexibility and security to find the best means of securing the future of The Body Shop and revitalising this iconic British brand." Administrators will update creditors and employees in due course. German private equity firm Aurelius had bought The Body Shop only in November, but the retailer ran into trouble in a tough economic climate over the key Christmas trading period. The Body Shop was founded in 1976 by Anita Roddick and has become a staple of the British high street, but it has been under various ow
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NTCO
News
- Body Shop's UK Business Slides Into Bankruptcy [Barron's]Barrons
- UK beauty chain The Body Shop goes into administration after years of struggles [Financial Post (Toronto, Ontario, Canada)]Financial Post
- UK beauty chain The Body Shop goes into administration after years of struggles [Yahoo! Finance]Yahoo! Finance
- Once pioneering Body Shop UK collapses into administration [Yahoo! Finance]Yahoo! Finance
- British arm of the Body Shop collapses into administration [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
NTCO
Sec Filings
- 2/6/24 - Form 6-K
- 2/5/24 - Form SC
- 1/30/24 - Form 25
- NTCO's page on the SEC website