Select a region
A Jersey law firm has helped to establish a funding vehicle to buy the Body Shop.
Auréa was founded in 2021 and favours investments in businesses focused on new-age beauty, wellness and longevity.
With the support of Carey Olsen, Auréa TBSI LP was established as a Jersey Limited Partnership and as a "non-fund" single asset vehicle.
The Body Shop announced that it was appointing administrators back in February, and the closure of several premises across the British Isles – including in Jersey – followed.
On the Carey Olsen investment funds team advising Auréa Group on the closing of Auréa TBSI LP were partner Christopher Griffin and associates Sally Meggitt-Smith and Anna Richardson.
"It was good that Jersey was able to help Auréa acquire this household name – showing once again that the Jersey Limited Partnership is a fantastically flexible vehicle," Mr Griffin said.
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.