The Body Shop has been adrift, practically, since the German fund Aurelius took over its business. Now, as Bloomberg news agency Bloomberg has reported, Gordon Brothers intends to take control of the cosmetics firm and save it from the collapse it began in February.
Gordon Brothers is an investment fund that specialises in rescuing companies and, as Bloomberg has learned, is finalising its offer for the business of the British cosmetics and perfumery chain. The fund is headed by Mark Newton-Jones, and would be one of the companies interested in acquiring The Body Shop.
The British cosmetics firm was acquired at the end of 2023 by German equity fund Aurelius. Since its change of ownership was completed in January, the company has failed to recover. The company has declared bankruptcy in different countries such as the United States and Canada, and has also faced closures of outlets in countries such as France. In February of this year it also sold part of its international business.
According to The Telegraph, other companies such as Alteri, also specialised in acquiring and rescuing failing companies, are also interested in acquiring The Body Shop, as well as Modella Capital. At present, its website in Spain is inactive.