Company appeals for cut in rent as part of rescue deal as report shows total debts at ethical beauty retailer of more than £276m
The Body Shop owed almost £44m to suppliers, landlords and other trade creditors when it collapsed 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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