Article 6W279 The Body Shop’s suppliers to receive no more than a quarter of £219m owed

The Body Shop’s suppliers to receive no more than a quarter of £219m owed

by
Sarah Butler
from World news | The Guardian on (#6W279)

Administrators say unsecured creditors also including landlords and charities will get only between 16% and 27%

The Body Shop's suppliers, including small charities, local councils and cosmetics manufacturers, are to receive no more than about a quarter of the 219m owed to them when the ethical beauty retailer fell into administration, a report has said.

The retailer, founded by Anita Roddick in 1976, now operates about 113 UK stores after it was rescued from administration by a consortium led by the British cosmetics tycoon Mike Jatania in September last year, saving 1,300 jobs.

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