When announcing that The Body Shop Canada Ltd. would close 33 stores and halt its e-commerce operations as it seeks to restructure under the Bankruptcy and Insolvency Act, the company said The Body Shop US Limited would cease operations.
WHO: Founded in 1976 by the late businesswoman and human rights activist Anita Roddick and her husband Gordon, The Body Shop pioneered ethical consumerism and argued that business could be a force for good. Today, The Body Shop has 10,000 employees across 3,000 stores in about 70 countries and sells skincare, bodycare, and haircare products.
Aurelius is a globally active alternative investment group, distinguished and widely recognized for its operational approach. Its key investment platforms are the fund Aurelius European Opportunities IV and the listed Aurelius Equity Opportunities SE & Co. KGaA. Aurelius focuses on private equity, private debt, and real estate, and is a renowned specialist for complex investments with operative improvement potentials such as corporate carveouts, platform buildups, or succession solutions, as well as specialized financing solutions.
IN THEIR OWN WORDS: "It is understood that the North American and Australasian businesses are now counted as creditors to the UK arm and may have to wait months for any payment via FRP," according to a report from The Guardian.
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