Remaining 116 Body Shop stores rescued by acquisition deal Business The Body Shop has been rescued from administration by a consortium led by British tycoon Mike Jatania, with remaining stores to continue trading. Jatania’s investment firm Aurea announced the completion of the acquisition on Saturday, with Jatania and Charles Denton, former chief executive of beauty brand Molton Brown, to head the new leadership team. In [...]
British tycoon close to striking rescue deal to save The Body Shop RETAIL A consortium led by British business tycoon Mike Jatania has agreed to buy The Body Shop out of insolvency.
The Body Shop: What next for high street icon as tycoon eyes rescue deal? Retail The future of collapsed high street icon The Body Shop could be decided in the next two weeks as it emerged that British tycoon Mike Jatania was in exclusive talks to rescue the brand.