The Body Shop administrator proposes CVA to rescue business
The Body Shop’s administrator has proposed a company voluntary arrangement (CVA) to rescue the business, according to a report outlining the struggling beauty chain’s financial position and the events leading up to its administration.
FRP Advisory has proposed a CVA that will see The Body Shop entering talks with landlords and other creditors in a bid to secure its future.
FRP’s report, sent to creditors of The Body Shop, said the retailer will continue to trade under the ownership of Aurelius Group if a CVA proposal is agreed upon.
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