The British cosmetics chain focused on animal welfare long before anyone else in the industry was interested in it. Now she has financial problems – and an owner from Germany who is taking action.
When the investment company Aurelius, based in the tax haven Grünwald near Munich, bought the world-famous cosmetics company The Body Shop just three months ago, there was great joy. “We are thrilled to be taking over this iconic British brand,” said Tristan Nagler, partner at Aurelius. According to Nagler, the goal is to give the company new impetus in order to write the next chapter of success. However, it looks like the next chapter is not going to be a good one: Aurelius is planning to appoint an insolvency administrator for The Body Shop’s British business this week, according to people familiar with the matter.