The Body Shop’s suppliers to receive no more than a quarter of £219m owed
Administrators say unsecured creditors also including landlords and charities will get only between 16% and 27%Business live latest updatesThe Body Shop’s suppliers, including small charities, local councils and cosmetics manufacturers, are to receive no more than about a quarter of the £219m owed to them when the ethical beauty retailer fell into administration, a report has said.The retailer, founded by Anita Roddick in 1976, now operates about 113 UK stores after it was rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in September last year, saving 1,300 jobs. Continue reading...
Administrators say unsecured creditors also including landlords and charities will get only between 16% and 27%
The Body Shop’s suppliers, including small charities, local councils and cosmetics manufacturers, are to receive no more than about a quarter of the £219m owed to them when the ethical beauty retailer fell into administration, a report has said.
The retailer, founded by Anita Roddick in 1976, now operates about 113 UK stores after it was rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in September last year, saving 1,300 jobs. Continue reading...
