FRP Advisory has confirmed that a deal for The Body Shop International is close to finalisation.
In a statement, joint administrators Tony Wright, Geoff Rowley, and Alastair Massey of FRP Advisory said: “Following a competitive bidding process, the joint administrators of The Body Shop International have now entered into an exclusivity agreement with a consortium led by Aurea group, with the management team led by former Molton Brown CEO Charles Denton.
“While the deal is not yet complete, we believe the combined experience of the consortium, together with the existing management team, represents the best outcome for creditors and will ultimately ensure the long-term success of The Body Shop.
“A period of due diligence will now take place to complete the transaction in the coming weeks.”
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