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The Body Shop Canada, struggling financially, is set to be acquired by Serruya Private Equity.
The Body Shop Canada, known for its ethical products, is set to be acquired by Serruya Private Equity, led by Michael Serruya, co-founder of Yogen Früz.
The acquisition follows the retailer's financial struggles and closure of some stores, with the sale authorized by an Ontario judge in July.
Twelve parties initially expressed interest in buying the brand, but details of the acquisition price have been redacted from court documents.
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El Body Shop Canada, que lucha financieramente, está destinado a ser adquirido por Serruya Private Equity.