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...According to a letter to clients seen by the Financial Times, the $180bn investment shop co-founded by US Senator Mitt Romney has promoted David Gross to lead the business alongside John Connaughton....
...The Body Shop now has about 2,500 shops across more than 70 countries and sells a range of skincare, body care and hair care products, among other things, which have not been tested on animals and are increasingly...
...The Body Shop still trades from 116 stores in the UK, having closed 82 after it went into administration in February....
...The Body Shop still trades from 116 outlets in the UK, having closed 82 after it went into administration in February....
...The Body Shop appoints administrators for UK business...
...About a half of The Body Shop’s stores are expected to disappear from the UK high street, putting hundreds of jobs at risk, with the first closures announced this afternoon....
...The Body Shop has appointed administrators for its UK arm, weeks after its new private equity owners took control of the business in a £207mn deal....
...The Body Shop also discounted heavily during the festive period, hurting its profit margins....
...“Every time I wake up, it’s like starting the same nightmare,” one senior Body Shop executive said....
...Last week, The Body Shop filed for bankruptcy in Germany, where it employed 350 staff in 2021....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...According to a letter to clients seen by the Financial Times, the $180bn investment shop co-founded by US senator Mitt Romney has promoted David Gross to lead the business alongside John Connaughton....
...Aurelius, The Body Shop and FRP declined to comment....
...The next day, The Body Shop’s German unit filed for bankruptcy....
...Buffett has complained of stretched valuations as markets hit records and buyout shops paid ever higher multiples to clinch takeovers. In those periods, Berkshire largely sat on its hands....
Welcome to the body shop
...The collapse in valuation follows a long period of poor sales for The Body Shop....
...Now aircraft insurers are fighting claims because there’s a war on (WSJ $) — US political media having a very normal year already (Semafor) — The Eric Adams Smash-and-Grab (New York Magazine, metered paywall...
...*This proposal has been developed jointly by Mustafa Suleyman, Eric Schmidt, Dario Amodei, Ian Bremmer, Tino Cuéllar, Reid Hoffman, Jason Matheny and Philip Zelikow Letter in response to this article:...
...Shortly after The Body Shop was sold in 2017, its then chief executive shared a blunt diagnosis of the British ethical beauty retailer’s woes. “Why should The Body Shop be operating today?...
...The Body Shop’s quiet money man In late January, a deal was announced in which an unnamed “family office” took over a significant part of The Body Shop’s international business....
...Shop’s 198 stores expected to close (FT) Glencore-backed nickel miner Horizonte issues finance warning (FT)...
...One banker said The Body Shop had already been presented to potential private equity investors....
...Brazilian cosmetics group Natura said it was studying a possible sale of The Body Shop, after struggling to turn around the fortunes of the UK retailer....
...After a boom period in the early years of the millennium, Jacobs wound up shuttering shops worldwide....
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