UK beauty chain The Body Shop goes into administration after years of struggles [Financial Post (Toronto, Ontario, Canada)]
Natura &Co Holding S.A. American Depositary Shares (NTCO)
Company Research
Source: Financial Post
The retailer, which grew from a single shop in 1976 to become one of the most recognizable retailers on the British high street with hundreds of stores in the United Kingdom and beyond, is known as an early champion of ethical practices in business. Article content FRP, the administrators hired by The Body Shop, said it will “now consider all options to find a way forward for the business.” Article content “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,” FRP said. The announcement came just weeks after the chain's new owners Aurelius, a European private equity firm specializing in buying and turning around troubled firms, took control of the business. The retailer of soaps, creams and make up was founded in 1976 by Anita Roddick and her husband as one of the first companies to promote so-called ethical consumerism, highlighting its fair trading practices and
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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 [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