Deals
Tycoon Mike Jatania-Backed Consortium Nears Deal for Body Shop
- Mike Jatania’s Aurea Holding gets exclusivity for UK retailer
- Group includes a former UBS banker and ex-Molton Brown CEO
The new owners plan to retain all of The Body Shop’s UK stores.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
A consortium led by British tycoon Mike Jatania is nearing a deal to buy struggling UK cosmetics retailer The Body Shop out of administration, people with knowledge of the matter said.
Aurea Holding, an investment firm that Jatania runs with former UBS Group AG banker Paul Raphael, is in exclusive talks to acquire The Body Shop after beating rival bidders in an auction process, according to the people.