The Body Shop, a well-known retail firm, has fallen into administration, facing significant financial challenges. The company is exploring a deal that would allow it to continue trading, amidst uncertainties faced by its creditors over almost £50mn. The firm owed more than £276m to creditors at the time of its collapse. In an effort to keep stores open, The Body Shop landlords may face rent cuts. The administrator is considering a Company Voluntary Arrangement (CVA) as a potential rescue strategy for the business.
🇬🇧 The Body Shop administrator explores CVA to rescue business https://t.co/4ubAmeMPe4
🇬🇧 The Body Shop creditors face uncertainty over almost £50mn https://t.co/av2RpwSFkf
🇬🇧 The Body Shop owed more than £276m to creditors at time of collapse https://t.co/rbWngwWzTE
🇬🇧 Body Shop landlords face rent cuts in battle to keep stores open https://t.co/sA8ywFV0R6
The Body Shop owed more than £276m to creditors at time of collapse https://t.co/1FPQmf0GzI
The Body Shop creditors face uncertainty over almost £50mn https://t.co/nnIIwIGlJ7
The Body Shop eyes deal which would allow firm to continue trading after falling into administration https://t.co/uMRjrKAmUm