The Body Shop Reopens with New Local Owners After Liquidation

Ethical beauty retailer The Body Shop New Zealand is being revived after a local company acquired the brand rights. The retailer entered voluntary administration in January, following financial difficulties faced by its UK parent company, and was subsequently liquidated in April, leading to the closure of 16 stores and around 70 job losses. The previous owners owe over $12 million to creditors, primarily due to inter-company loans. The acquisition marks a new chapter for the brand in New Zealand.

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