The new owners of The Body Shop are reportedly set to call in administrators as the beauty chain faces potential shop closures and job cuts.
The high street giant, founded in Brighton in 1976 by Anita Roddick and her husband Gordon, was recently acquired by private equity firm Aurelius for £207million.
Just weeks after taking over, it’s believed that the firm is preparing to appoint FRP Advisory to handle an insolvency process for its UK operation, which trades from around 250 sites.
It’s unclear how many possible closures or redundancies there could be, but reports suggest a significant number could be on the cards.
Aurelius, which also owns popular brands like Footasylum, beat off competition from rival bidders to acquire The Body Shop.