Unsettled Bills Pile Up During Aurelius’ Reign

  • The Body Shop owes £15m in unpaid debt to former owner Natura &Co
  • Debt accumulated during Aurelius ownership period
  • 65% of supplies come from Natura-owned Avon factory in Poland
  • FRP Advisory sets end of June deadline for sale completion

The Body Shop, a collapsed health and beauty chain, owes its former owner, Natura &Co, £15m worth of unpaid bills. These debts are for items supplied during the time when Aurelius took over before it fell into administration. Around 65% of The Body Shop’s supplies still come from the Avon factory in Poland, owned by Natura. An insider claims that The Body Shop accumulated its debt under Aurelius’ watch. Natura could potentially influence who purchases The Body Shop by threatening to remove product supply if the new owner doesn’t align with the company. FRP Advisory, handling administration, has set an end of June deadline for sale completion and is ‘encouraged’ by bidders’ interest.

Factuality Level: 7
Factuality Justification: The article provides relevant information about The Body Shop’s debt and the involvement of Natura &Co in supplying products. However, it contains some redundancy with the mention of Uber Eats at the end which is not directly related to the main topic.
Noise Level: 6
Noise Justification: The article contains some irrelevant information and repetitive elements, as well as a link to unrelated content at the end.
Financial Relevance: Yes
Financial Markets Impacted: The Body Shop, Natura &Co
Financial Rating Justification: This article discusses unpaid bills and potential supply chain issues between The Body Shop and Natura &Co, which are both financial topics related to companies in the health and beauty industry. It also mentions a possible impact on the sale of The Body Shop, which could affect its future ownership and operations.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailgazette.co.uk