The Body Shop nears rescue deal with Aurea, led by Mike Jatania, in exclusive negotiations.

The Body Shop, a high street beauty chain, is on the verge of securing a rescue deal with a consortium led by British tycoon Mike Jatania. Jatania's investment firm, Aurea, is in exclusive negotiations with FRP Advisory, the joint administrators of The Body Shop. Former Molton Brown CEO, Charles Denton, is being considered to lead the management team. The parties involved express hope for the deal to be finalized soon.

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