Body Shop’s private equity owner Aurelius is first in line for a payout after putting the chain into administration, with other creditors expected to lose out.
The German private equity firm, which had pledged to turn the business around when it bought it in November, has offloaded the loss-making parts of the business in Europe and Asia to an unnamed family office.
According to The Times, the business may now be bereft of realisable assets as it is unclear which entity within the wider group owns Body Shop’s intellectual property.
