Following the US, Canada, UK, and Germany, The Body Shop’s French subsidiary entered into administration and filed with the Paris commercial court.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.WHY: The Body Shop’s future in France is unclear and the administration process is part of a wider restructuring on the part of Aurelius. The French business has been in a slump and its e-shop was put on hold.DETAILS:The Body Shop filed for bankruptcy with the Paris commercial court and has a six-month observation period granted by the court to put its recovery plan in place. The beauty retailer has about 260 employees and operates 59 directly owned stores and seven franchised stores.