- Insolvency Insider UK
- Posts
- The Body Shop: Owner Aurelius’ failure to refinance loan triggered retailer’s collapse
The Body Shop: Owner Aurelius’ failure to refinance loan triggered retailer’s collapse
New owner Aurelius’ failure to secure new funding when HSBC withdrew its line of credit triggered the collapse of The Body Shop, according to a new report from the company’s administrators, while it has been reported that Aurelius was not made aware of how dire the situation was before acquiring the retail giant.