British arm of the Body Shop collapses into administration [Globe and Mail, The (Toronto, Canada)]
Natura &Co Holding S.A. American Depositary Shares (NTCO)
Company Research
Source: Globe and Mail, The
Going into administration, a form of creditor protection, can lead to a sale of the business or the closure of stores. The Body Shop was bought by L'Oreal in 2006, before changing hands again in 2017 when the French cosmetics giant sold it to Brazilian cosmetics maker Natura&Co for €1-billion. But after struggling with profitability, Natura in turn sold it on in November last year, to private investor Aurelius Group in a deal valued at 207 million pounds. “The Body Shop has faced an extended period of financial challenges under past owners, coinciding with a difficult trading environment for the wider retail sector,” said FRP. Sign up for the Top Business Headlines: Evening Edition Newsletter. An informative summary of the day's top business headlines, features and columns. Explore newsletters
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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
- Body Shop's UK Arm Falls Into Administration: Statement [Barron's]Barrons
- Once pioneering Body Shop UK collapses into administration [Yahoo! Finance]Yahoo! Finance
NTCO
Sec Filings
- 2/6/24 - Form 6-K
- 2/5/24 - Form SC
- NTCO's page on the SEC website