The Body Shop Canada explores sale as demand outpaces inventory: court filing
BNN Bloomberg
The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales the retailer landed after announcing it would file for creditor protection and close 33 stores.
The Body Shop Canada is exploring a sale as it struggles to get its hands on enough inventory to keep up with "robust" sales the retailer landed after announcing it would file for creditor protection and close 33 stores.
In an April 8 affidavit filed in a Toronto court on Monday, the head of the retailer's Canadian operations said he has seen a "sufficient level of interest" in the business from parties to believe the company should pursue a sale.
Jordan Searle did not name who is interested in buying the skin care and cosmetics business that's been in Canada since 1980. He and the company's lawyers did not immediately respond to a request for comment.
