Aurelius, the German restructuring specialist which bought The Body Shop last year and has now put it into administration, had previously broken up two other UK retailers. Staff at the ethical cosmetics group fear it will be next, with more than 2,200 jobs and 200 stores at risk.
Aurelius, a specialist in distressed companies, has been active in the UK for some time. It bought the parent of the Lloyds Pharmacy chain in 2022, TV shopping business Ideal Shopping Direct in 2018 and the European and UK arm of retailer and office supplies business Office Depot in 2017, and went on to break up all three businesses.
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