Company appeals for cut in rent as part of rescue deal as report shows total debts at ethical beauty retailer
The Body Shop’s UK arm owed more than £276m to creditors including landlords, suppliers, tax authorities and its international divisions when the ethical beauty retailer collapse in February, it has emerged as it appealed to landlords to cut rent as part of a rescue deal.
Avon, the cosmetics group owned by The Body Shop’s former parent company Natura, is the biggest trade creditor – owed just over £13m for products it manufactured, according to a report by the administrators FRP who were appointed to the UK arm of the ethical beauty retailer in February.
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