5 months, 3 weeks ago
Body Shop rescue on the cards from British cosmetics tycoon Mike Jatania
Daily MailThe Body Shop is set to be rescued by British tycoon Mike Jatania. UK cosmetics tycoon Mike Jatania is looking to rescue the Body Shop chain which crashed into administration in February A sale is expected in the next few weeks and Jatania has started due diligence checks, according to a statement by Aurea and administrators FRP Advisory. The statement said: ‘While the deal is not yet complete, we believe the combined experience of the consortium, together with the existing management, represents the best outcome for creditors and will ultimately ensure the long-term success of The Body Shop.’ It said the proposed deal follows a ‘competitive bidding process’. But Jatania and Denton face an uphill battle to turn Body Shop around.
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History of this topic
5 months, 3 weeks ago
British tycoon close to striking rescue deal for The Body Shop
The Independent
9 months ago
Body Shop administrators eye deal that would allow firm to continue trading
The IndependentDiscover Related
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