The joint administrators of The Body Shop International and investment platform Auréa group have announced the following joint statement

"Following a competitive bidding process, the joint administrators of The Body Shop International have now entered into an exclusivity agreement with a consortium led by Auréa group, with the management team to be led by former Molton Brown CEO, Charles Denton.

“While the deal is not yet complete, we believe the combined experience of the consortium, together with the existing management team, represents the best outcome for creditors and will ultimately ensure the long-term success of The Body Shop.

“A period of due diligence will now take place, with the intention to complete the transaction in the coming weeks.”