Body Shop's UK Business Slides Into Bankruptcy [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 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 failed to scrub out a sales decline, with damp revenues during the crucial festive period pushing an icon of eco beauty into administration," l
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News
- 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
- Body Shop's UK Arm Falls Into Administration: Statement [Barron's]Barrons
- 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